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XCarnival
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About XCarnival

XCarnival is a platform that aggregates lending services for metaverse assets, equipped with DeFi functionalities. It provides innovative liquidation solutions tailored for a wide range of NFT assets and long-tail cryptocurrencies. XCarnival features a unique, time-limited auction clearing mechanism. Its pledge model is specially optimized for assets with extremely low liquidity, such as NFTs. This allows users to unlock liquidation options for long-tail assets that are relatively illiquid. The farming mechanism, derived from XBroker, serves as an incentive for mining. Both borrowers pledging NFTs and lenders providing USDxc liquidity contribute to the NFT market, and participants are rewarded with tokens based on their NFT transactions.

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