Does CarrotSwap have a project party? Where is the team?

CarrotSwap is initiated by the community. There is no project party. The founding contributors are all community members.

Team members and advisors are located across the Asia-Pacific, and the EU.

What is CARROT?

Carrot Token is a governance token issued by CarrotSwap. Holding CARROT can vote on proposals to participate in community governance, and will receive dividend rewards in the future

What is the contract address of CARROT Token?

Carrot Token: 0xa08dE8f020644DCcd0071b3469b45B08De41C38b


What is the total supply of CARROT?

10,250,000 token minted by treasury. 10,000,00 (StakePool) + 250,000(Airdrop) + Crowdsale Sold Tokens

Is the CarrotSwap code open source?

The CarrotSwap smart contracts is open source. To prevent plagiarism, the carrotswap.org UI code is temporarily not open source.You can find all code here :https://github.com/CarrotSwap

Has CarrotSwap passed the contract audit?

CarrotSwap is written 100% based on OpenZeppelin Standard also tested Goerli Testnet Network but no audited yet , use at your own risk.

What is the governance?

CarrotSwap is a DAO (forked from Compound), all governance decisions are voted on by CARROT holders (on chain whenever possible).

How is CARROT distributed?

It will fully distributed to communty with Crowdsale from Dec28 to Jan31 (35d). The first to claim will receive 250% more than the last (bonding curve).

How do you start staking with CARROT?

  • The easiest way to get CARROT is to buy directly on Crowdsale now or on CarrotSwap — a decentralized trading platform or so called DEX launched by CarrotSwap contributors.

  • Then, connecting a "Metamask" wallet holding your CARROT tokens on to stake your tokens (see Stake CARROT section).

  • After you’ve successfully staked your CARROT tokens in staking Pool , you’ll earn up to 7.57% interest weekly (APW) in CARROT token until all tokens dedicated to staking are distributed.

Can I directly stake or unstake the CARROT to get staking rewards?

Yes , you can there is no restriction.

Every time you staked CARROT %5 tokens will burn and %1 tokens for developer fee.

How are the STAKE rewards distributed?

Rewards are distributed on a Smart Contract. First Staking Pool APY is %395 and treasury minted 10 million Carrot tokens (Future pool can create by DAO and APY rate also change) . If you want claim your staking reward just claim it on Carrotswap. There is no altlimit for claim.

How will you start farming with CARROT?

Earn Uniswap Fee & CARROT Tokens as rewards.

  • First you need to be a liquidity provider of Uniswap Liquidity Farming Pool (see guide Farm CARROT section).

  • After depositing your (WETH/CARROT) on Liqudity Pool - Uniswap Liquidity Pool, you will receive LP tokens that you can redeem on Uniswap. After that CARROT smart contract will get %5 tokens every CARROT token transfer and distrubute half of them to Uniswap LP token owners. Also you will earn your share from Uniswap pool.

Note: You don't need LP tokens deposit or stake to get farming rewards.

Meanwhile you will able to get %0.3 trading fee earning on Uniswap trades. Just hold CARROT and get Carrot LP rewards.

How are liquidity providers incentivized?

2.5% of all transfers are forever locked into liquidity, 2.5% are distributed to liquidity providers. Percents can be changed by the DAO.

What's the goal of this project?

Our goal is to democratize Futures and other derivatives.

We have witnessed how democratizing crypto-assets can create new opportunities like fundraising (ERC-20), tokenized investments (cToken), and so much more.

Issuing Futures used to be the job of centralized organizations with very high barriers to entry. But with CarrotSwap, we lower the barrier of issuing Futures by orders of magnitude. Compared to centralized exchanges or other protocols like Synthetix and FutureSwap, there are several properties unique to CarrotSwap:

  • Stakers have no exposure to impermanent loss caused by price fluctuation, which insulates stakers from fluctuation in the price of the underlying assets.

  • Trading volume is not bound by the funds in the Staking Pool.

  • The AMM model is suitable for low liquidity Futures because of built-in liquidity, allowing trading of long-tail assets.

  • Oracles are not used to determine prices while trading, which minimizes the risk of price manipulation (ex. front running).

In the theory of disruptive innovation, a much cheaper way to reconstruct an expensive product wins and creates more use cases. This is our goal for CarrotSwap.

What is the utility of the CARROT token?

  • Governance CarrotSwap is a project built on community support. Once the ecosystem has matured and we have broader token distribution, CarrotSwap would gradually transition into a DAO and let the community decide the future development of the protocol. Note that governance may vote to add additional token features in the future.

  • Staking

    In order to incentivize participation in CarrotSwap governance, CARROT holders are rewarded when they stake their tokens in the Staking Pool. Stakers are rewarded with a portion of transaction fees generated by trading, plus the staking reward once per staking epoch (1 days).

  • Liqudity Farm

    Every Carrot token transfer %5 token will be burn and 2.5% of all transfers are forever locked into liquidity, 2.5% are distributed to liquidity providers. You don't need stake LP tokens to get rewarded also meanwhile you will able to get %0.3 trading fee earning on Uniswap trades.

Is there only one Virtual AMM shared among all the CarrotSwap contracts?

No, each CarrotSwap contract requires its own unique Virtual AMM with different settings.

Is it permissionless? Can everyone assess the CarrotSwap?

Smart Contracts

The smart contracts are deployed on top of Ethereum. There is no restriction to access the smart contracts to anyone, anywhere.

CarrotSwap Website

The DEX UI is hosted by the team. Due to regulations, trading will not be available to citizens of, or users from, the US, UK and Taiwan. Third parties may offer parallel platforms using the open source front end.