Solana DeFi Protocol Carrot Shuts Down After Drift Exploit Contagion

One of first DeFi protocols to fall from April exploit, sets May 14 deadline for user fund withdrawals

carrot protocol drift protocol defi exploit

Hızlı Bakış

Carrot, a Solana-based DeFi yield protocol, is permanently shutting down following the catastrophic Drift Protocol exploit on April 1 that drained $285 million.
The protocol's total value locked collapsed from $28 million to $1.99 million, a 93% decrease.
Users must withdraw funds by May 14 before deleveraging.

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Carrot, a Solana-based DeFi yield protocol, is permanently shutting down following the catastrophic Drift Protocol exploit on April 1 that drained $285 million. The protocol's total value locked collapsed from $28 million to $1.99 million, a 93% decrease. Users must withdraw funds by May 14 before deleveraging. The Drift hack was the second-largest crypto exploit of 2026, causing contagion across several affiliated projects.

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Konulardrift protocol defi exploit solana yield protocol defi contagion total value locked

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