What it does
The mission of Carrot Finance is to overcome the intricacies of DeFi and provide an experience familiar to all users. Our core vision is to transform complex DeFi protocols so that both Web3 and Web2 users can access and utilize them with ease.
Our primary focus is on the Decentralized Exchange (DEX). With the emergence of various Market Making algorithms such as CPMM, CLMM, and Stable AMM, the range of choices has expanded. However, this breadth of choice has also led users to feel burdened and overwhelmed, acting as a barrier to entry into the DeFi ecosystem.
Carrot Finance offers a solution to mitigate this complexity. Instead of users having to deliberate on which version of the Automated Market Maker (AMM) to select. We plan to introduce the most basic AMM, CPMM, followed sequentially by CLMM and Stable AMM. Additionally, we intend to adopt strategies for the efficient distribution of liquidity.
In conclusion, Carrot Finance is tirelessly working to reduce the complexities of DeFi and to offer a more efficient and user-friendly experience.
How we built it
During the hackathon, we developed a basic DEX with functionalities for swaps and LP managing to demonstrate our capabilities. Our marketing efforts proved successful, attracting nearly 3,000 users to the NEO EVM network. We are directly receiving user feedback and bug reports, and we're promptly making improvements based on those inputs.
Accomplishments that we're proud of
We have marketed with a vision of cross-chain swaps and have already secured 13,000 users. Through active collaboration with Mode Network, we can onboard these users effectively.
What's next for Carrot Swap
We won't stop here. Our commitment is to continuously build and improve our protocol. Central to our efforts is the emphasis on user experience and engagement. We're prepared to enhance the Mode ecosystem by directly constructing various ecosystems like Margin Trading and Cross Chain Bridge that can amplify user engagement.
Built With
- react
- solidity
- typescript
- uniswap
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