DeFi protocol Carrot becomes first casualty of $285M Drift exploit
Burns Brief
Carrot's total value locked has collapsed 93% in a month, from $28 million to $1 The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
Carrot's total value locked has collapsed 93% in a month, from $28 million to $1.99 million, leaving the protocol financially unable to continue.
Key Takeaways
- Carrot's total value locked has collapsed 93% in a month, from $28 million to $1
- 99 million, leaving the protocol financially unable to continue