Solana Ecosystem DeFi Protocol Carrot to Shut Down, May 14 is the Deadline for Remaining Fund Withdrawals

Odaily Odaily reported that Carrot, a DeFi protocol on the Solana ecosystem, announced that its continued operations have been severely impacted by the Drift vulnerability incident, and Carrot will be shutting down.

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