Cantina Royale (CRT)

🚨 NEW: Solana-based @DeFiCarrot announces it is shutting down, citing the Drift exploit as catastrophic to its continued operations. https://t.co/HmjCoAg35U

A lot of projects built on top of Drift, so this exploit hit far beyond just direct Drift users

$CRT (by @DeFiCarrot) is just one example of a yield-bearing token taking losses from relying on yield generated via Drift

Others include $USDC+ (by @reflectmoney) and likely $rgUSD (by @ranger_finance)

On top of that, many projects routed lending services (at least in part) through Drift (like @xplaceapp or @fusewallet, and plenty more)

We’ll need a few more days to see the full extent of the damage