carrot

According to official news, the Solana ecosystem DeFi protocol Carrot has announced that it will soon shut down. Carrot stated that the Drift exploit incident has had a catastrophic impact on its ongoing operations. Carrot has set May 14 as the deadline for withdrawing remaining funds from Boost, Turbo, and CRT, after which the system will begin deleveraging, reducing all leverage to zero and releasing all liquidity for CRT redemption. Carrot stated that any recovery funds from Drift will still be distributed as previously promised, but there is currently no specific timeline.

ChainCatcher news, according to Crowdfund Insider, African digital lending startup Carrot has announced the completion of a $4.2 million seed funding round, led by MaC Venture Capital, with participation from Partech Africa and Authentic Ventures.Carrot allows users to obtain credit by using stocks, fixed income products, cryptocurrencies, and other alternative investment products as collateral. The platform aims to address the limited traditional credit scoring infrastructure in the African market, providing reliable and affordable credit channels for individuals and small businesses.Since its launch, Carrot has disbursed over $2 million in credit, serving more than 10,000 users. This funding round will be used to expand the team, scale business operations, and accelerate product development, including investments in artificial intelligence to enhance its credit scoring, risk management, and fraud prevention systems.Carrot founder and CEO Bolu Aiki-Raji stated that the company plans to expand its services to other African countries by the end of 2025.

ChainCatcher news, according to CoinDesk, the re-staking protocol Puffer Finance has launched a new token CARROT, which the community can accumulate and eventually convert into PUFFER airdrops. Users can earn CARROT through staking, governance voting, and providing liquidity.

ChainCatcher news, Solana yield optimization protocol Carrot has completed a $600,000 Pre-seed round of financing, with participation from BOOGLE, DKS Ventures, and angel investors Retired Chad Dev, DRiP founder vibhu, Nom, Kash Dhanda, ChartFu, Iced, and others.According to RootData, Carrot is the simplest way to passively earn from Solana DeFi using a single token, which offers the highest average yield. By continuously monitoring each lending protocol, it rebalances funds when better rates are available. Carrot ensures that stablecoins achieve higher APRs more quickly, thereby efficiently and effectively optimizing returns.

ChainCatcher news, according to official sources, the LSD protocol Puffer Finance "Crispy Carrot Movement" Chapter 3 has officially launched. Users can earn Puffer points by adding liquidity to the pufETH/wstETH pool on Curve Finance.The Puffer Points system has been updated, and Puffer Points will now increase over time:For every 1 stETH deposited, you can immediately earn 1000 Puffer Points.Points increase every hour, with each pufETH held in the wallet earning 30 Puffer points per hour.In addition, by adding liquidity to the pufETH/wstETH pool on Curve, each crvPufETH (pufETH/wstETH) in the wallet can earn 60 Puffer points per hour.