PANews|May 01, 2026 01:36
[DeFi Protocol Carrot Announces Closure, May 14 Set as Deadline for Fund Withdrawal]
According to official news, the Solana ecosystem DeFi protocol Carrot has announced its impending closure. Carrot stated that the Drift exploit incident had a catastrophic impact on its continued operations. Carrot has set May 14 as the deadline for withdrawing remaining funds from Boost, Turbo, and CRT. After this date, the system will begin deleveraging, reducing all leverage to zero and releasing all liquidity for CRT redemption. Carrot mentioned that any recovery funds from Drift will still be distributed as previously promised, but there is currently no specific timeline.
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