PANews May 1 news, according to official news, the Solana ecosystem DeFi protocol Carrot announced it will soon shut down. Carrot stated that the Drift vulnerability exploitation incident had a catastrophic impact on its ongoing operations. Carrot has set May 14 as the deadline to withdraw remaining funds from Boost, Turbo, and CRT, after which the system will begin deleveraging, reducing all leverage to zero, releasing all liquidity for CRT redemption. Carrot stated that any recovery funds from Drift will still be distributed as previously promised, but there is currently no specific timeline.

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