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Solana-based DeFi Protocol Carrot Shuts Down, May 14 Set as Deadline for Remaining Fund Withdrawals
On May 1, the Solana-based DeFi protocol Carrot announced that its ongoing operations have been severely impacted by the Drift vulnerability incident, leading to its closure. Carrot has set May 14 as the deadline for the withdrawal of remaining funds from Boost, Turbo, and CRT. After this date, the system will begin deleveraging, with all leverage reduced to zero to release full liquidity for CRT redemptions. Carrot stated that the funds deposited by users still belong to the users, and any recovery efforts related to Drift will be allocated as previously described, although a specific timeline has not been clarified.