Carrot Lend

Carrot Lend receives a B- risk grade (33/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — well-designed yield routing with Sec3 audit, but multi-protocol dependency and leveraged Boost strategies add meaningful smart contract and market risk. Carrot Lend is a Solana yield optimizer that automatically routes stablecoin deposits across top lending protocols (Drift, Kamino, MarginFi, Jupiter, Save) to capture the best available rates. With ~$10M TVL, a CRT yield-bearing token, and leveraged 'Boost' strategies, it simplifies DeFi yield farming to a single deposit. Audited by Sec3, the B- grade reflects its clean audit and automated approach, tempered by multi-protocol dependency risk and the leveraged Boost product.

The key risks identified for Carrot Lend are: (1) Your deposits are spread across 5+ Solana lending protocols — an exploit in any one of them could affect your funds, though diversification limits the blast radius (2) Boost leveraged strategies use borrowing loops to amplify yield — if lending rates spike, these loops can become unprofitable and face liquidation (3) Relatively new protocol with limited production history under extreme market stress conditions

Carrot Lend scores 33/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 5/20, Oracle Surface: 2/10, Documentation Gaps: 4/10, Track Record: 7/15, Scale Exposure: 3/10, Regulatory Risk: 4/10, Vitality Risk: 5/10. The highest risk area is Vitality Risk at 5/10.

Among 112 rated Yield protocols on Hindenrank, Carrot Lend ranks #37 by safety (lowest risk score = safest). Its 33/100 risk score and B- grade place it among the safer Yield protocols.

Carrot Lend scores 7/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.