Bounty submission · Visual DeFi explainer
Carrot DeFi, explained
I made this illustration set to understand Carrot DeFi and explain lending, borrowing, managed yield, looping, and liquidation risk in a more visual way.
Carrot itself shut down on 30 April 2026, after the $285M Drift exploit drained the pools its yield was built on. The explainer stays up: the mechanics it walks through are how this class of product works, not just this one.
- Role
- Info design
- Chain
- Solana
- Status
- Live on Medium
Carrot at a glance
A high-level map of how stablecoin deposits become a managed, yield-bearing position.
Full write-up
Read the thinking behind the illustrations.
The bounty context, and why Carrot read as a simpler route into DeFi yield.