Carrot is winding down after losses tied to the Drift exploit. Users have until May 14, 2026, to withdraw from Boost, Turbo, and CRT before forced deleveraging begins.
Carrot is winding down after the Drift exploit inflicted heavy losses on its Solana-integrated strategies. Users have until May 14, 2026, to withdraw funds before forced deleveraging begins, while any future Drift recovery will be distributed via IOU claims based on an April 1 snapshot.
Carrot, a Solana-based DeFi yield protocol, announced its shutdown on April 30, 2026, after the April 1 Drift Protocol exploit caused over $8 million in direct losses. Users have until May 14 to withdraw funds from Boost, Turbo, and CRT products before forced deleveraging begins.
