Solana Eco DeFi Protocol Carrot to Shut Down, May 14 is the Deadline to Withdraw Remaining Funds

Odaily reported that Carrot, a DeFi protocol on the Solana ecosystem, has announced it will be shutting down. Due to the significant impact of the Drift vulnerability incident, its ongoing operations have been severely affected.

May 14 is the deadline to withdraw remaining funds from Boost, Turbo, and CRT. After this date, the system will begin deleveraging, reducing all leverage to zero in order to release full liquidity for CRT redemptions.