Carrot is a Solana-based DeFi yield aggregator and leverage protocol that announced a permanent shutdown on April 30, 2026, after suffering approximately $8 million in losses tied to the April 1, 2026 Drift Protocol exploit. Carrot's Twitter Score is 54 out of 1000 (a Good rating) as of August 2026, ranking #16,558 (top 5%) among 483,944 tracked accounts.
Carrot was co-founded by James Blair, who served as Co-Founder and CEO, and Jack Rieck, who served as Co-Founder and CTO. The protocol offered automated yield on stablecoins through its $CRT liquid yield-bearing token, alongside Turbo tokens designed to provide dynamic leverage protected from liquidations. The Drift Protocol exploit, which drained roughly $285 million across the broader ecosystem, caused losses representing approximately half of Carrot's total value locked, making continued operation untenable.
Carrot has maintained a post-shutdown site supporting CRT redemption to stablecoins, with users given until May 14, 2026 to withdraw funds; remaining positions were force-deleveraged to 1x. The $CRT token contract on Solana is CRTx1JouZhzSU6XytsE42UQraoGqiHgxabocVfARTy2s. Carrot has published 3,013 posts on the platform and has been mentioned by 84 accounts a total of 284 times.
Who follows Carrot on X?
The accounts that follow Carrot include 165 founders, 48 angel investors, 140 influencers and 3 VCs, among them Solana, Luca Netz, Tarun Chitra, Frank, DeFi Dad defidad.eth and Zeneca.