Key Metrics
Active Loans$1,640.86
Total Raised$2m
Jun 10, 2021$2mRound: SeedInvestors: AU21 Capital, Bitrise Capital, Chain Capital, Digital Finance Group, Everest Ventures Group, Fundamental Labs, Gate.io, Incuba Alpha, LD Capital, NGC Ventures, SNZ Holding, Waterdrip Capital, ZBS CAPITAL, Zonff Partners
Protocol Information
XCarnival is a stable and secure financial infrastructure protocol in a multi-chain environment, providing a market-optimized liquidity solution for NFT assets in Web3.0, supporting both P2P (Person-to-Person) and P2C (Instant Lending Pool) models of asset-backed lending.
Audits:
Methodology
TVL: Counts the tokens locked in the contracts to be used as collateral to borrow or to earn yield. Borrowed coins are not counted towards the TVL, so only the coins actually locked in the contracts are counted. There's multiple reasons behind this but one of the main ones is to avoid inflating the TVL through cycled lending.View code on GitHubHacks
Date: Jun 26, 2022
Amount: $3.8m
Classification: Protocol Logic
Technique: Deposit Logic Flaw
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Frequently Asked Questions
What is XCarnival's TVL?
XCarnival currently has $0 in total value locked.
What chains does XCarnival operate on?
XCarnival operates on Ethereum.
How does XCarnival's TVL compare to similar protocols?
Among NFT Lending protocols tracked by DefiLlama, XCarnival ranks #27 by TVL. The category holds $13.92m across 32 protocols, and XCarnival accounts for 0% of that total. Other leading protocols include Blur Lending, Gondi V3, BendDAO Lending V1, JPEG'd, Arcade.xyz, Revest Finance, Pine Protocol, Llamalend, OpenSky Finance, and NFTfi.
How much has been borrowed through XCarnival?
XCarnival currently has $1,640.86 in active loans.
Has XCarnival ever been exploited?
XCarnival has 1 recorded security incident. The most recent incident occurred on Jun 26, 2022 and involved $3.8m. It was classified as Protocol Logic.