IOU

Solana
2026-07-08 14:14:13

Solana Yield Protocol Carrot Shuts Down After Drift Exploit Hit Its TVL

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.

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Solana Yield Protocol Carrot Shuts Down After Drift Exploit Hit Its TVL
Solana
2026-07-08 14:10:13

Solana DeFi Protocol Carrot Shuts Down After Drift Hack Drains $8M in TVL

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.

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Solana DeFi Protocol Carrot Shuts Down After Drift Hack Drains $8M in TVL