Carrot Funding Review
Onchain prop firm on gTrade with up to 80% profit split, $50K funded accounts, verifiable payouts, Proof of Reserves, and NFT-based Proof of Skill.
On-Chain Transparency
Carrot Funding's payout activity is independently verifiable on a public Dune Analytics dashboard — giving anyone an onchain, trustless view of trader payouts. No need to trust when you can verify.
About Carrot Funding
Carrot Funding is an onchain prop firm built on gTrade (Arbitrum), offering up to an 80% profit split and funded accounts up to $50,000 — with $100,000 accounts coming soon. Hyperliquid support is also on the roadmap. Payouts are processed within 24 hours via Arbitrum and are fully verifiable onchain.
Jurisdiction: Carrot Funding is registered in the United Arab Emirates (UAE).
Carrot Funding Challenge Rules
Carrot Funding offers two evaluation paths: a 1-Phase Challenge and a 2-Phase Challenge. Each has its own drawdown limits and profit targets.
Maximum Daily Loss
The Maximum Daily Loss is one of the core risk management rules of each challenge. It defines the maximum loss you are allowed to incur within a single trading day — measured as a percentage of equity — and resets daily.
- 2-Phase Challenge: 5% of equity per day
- 1-Phase Challenge: 4% of equity per day
Maximum Loss (Trailing Drawdown)
The Maximum Loss defines the total loss allowed from the High-Water Mark Balance over the entire duration of the challenge phase. It is set as a percentage of the starting balance and is not static — it trails upward whenever a new highest balance is reached during the trading day. The trailing stops once the Maximum Loss Limit rises above the account's initial starting balance.
- 2-Phase Challenge: 10% of starting balance
- 1-Phase Challenge: 8% of starting balance
Profit Target
The Profit Target defines the net profit that must be generated from closed positions to complete a challenge phase. Key rules:
- Set as a percentage of the initial account balance.
- All open positions must be closed before the target is considered met.
- There is no Trading Period restriction — take as much time as needed.
- Once your balance reaches or exceeds the target, the phase is automatically passed.
Best Day Rule (1-Phase Challenge only)
The Best Day Rule applies to the 1-Phase Challenge only and is not applicable to the 2-Phase Challenge.
No single trading day should represent more than 50% of your total profit. Your Best Day Score must be 50 or higher to progress to a Funded account or request a payout.
You do not fail the challenge if your Best Day Score is below 50 — you simply continue trading until your best day represents less than 50% of total profits. There is no time pressure.
Proof of Reserves (POR)
Carrot Funding's Proof of Reserves gives traders verifiable evidence that the capital backing payouts is real and accounted for — not a promise on paper.
01 — Transparent Capital Allocation
Smart contracts automatically direct 50% of evaluation revenue into the vault. This capital backs trader activity and payout obligations. The allocation is verifiable onchain.
02 — Real-Time Hedging Activity
A-booked trader positions are hedged into live markets through gTrade, keeping risk managed against real market exposure.
03 — Risk-Managed Execution
The execution logic operates within scoped permissions enforced by smart contracts — no single actor can override the risk parameters unilaterally.
04 — Scoped Permissions
Specific wallet addresses are delegated roles for automated risk management. Anyone can verify on-chain which address can execute which operations.
Proof of Skill (POS)
Each NFT is minted immediately upon Challenge purchase and serves as both a piece of digital art and a progress badge, reflecting a trader's performance and reputation within the Carrot Funding ecosystem.
Your Carrot FBI NFT is a permanent, portable record of your trading performance. Your track record isn't trapped in a prop firm's internal database — it's recorded permanently onchain and portable to wherever your trading career takes you.
Hybrid Model Execution
When a funded trader submits an order, Carrot Funding routes it through one of two channels at the firm's sole discretion. The trader's P&L outcome is identical either way — only the settlement path differs. The firm selects the execution method on a trade-by-trade basis.
Funded traders have no control over which method is chosen.