CarrotCake is a multi-token protocol that consists of three tokens: cCAKE (the algorithmic token pegged to CAKE), CarrotCake Shares sCAKE which holders can claim cCAKE inflation when the network expands), and CarrotCake Bonds bCAKE, which can be purchased when the network is in contraction and can be redeemed for cCAKE when the network comes to its deflationary phase and price goes below CAKE.