The time of this month has almost passed with a bang! But a sign of great things will come in the future đź‘€
Many activities are progressing in an orderly manner. Regarding cross-chain, we are polishing the first product. The name of the new product may be generated through DAO. If you have good ideas, welcome to submit themđź‘Ź
The XCarnival cross-chain system will be launched next month, and the first cross-chain product will launch and solve the demand for a large number of idle NFT circulation.
Here are the introduction of the “Pool to C” product👇
The Ethereum ecosystem has a large number of high-quality NFT assets, but the use of these NFT assets is inefficient and expensive. XCarnival wants to solve the industry pain points.
The new product will build multiple loan pools to release NFT assets on the Ethereum chain. The initial product launch will be limited to common NFT assets.
Users could directly use the Loan Pool to quickly mortgage the mainstream NFT they hold into different pools to lend corresponding mainstream tokens such as ETH, USDT, etc., and users could borrow and repay at any time.
Holders of mainstream tokens could also put their tokens into the corresponding pools to generate stable interest đź‘Ť There are high-quality NFTs in the pools as asset protection for the transfer funds, and they can also be deposited and withdrawn at any time.
We believe that the new product is the key to solve the NFT question: NFTs release is difficult, transaction efficiency is low, capital occupation, information asymmetry between borrowers and lenders, and personal funds are insufficient.
The new product could match NFT holders and funds quickly complete NFT mortgage lending to ensure the speed and quality of transactions.
Now, the XCarnival team is building a good foundation for the final version of “Pool to C” product to go live.Please stay tuned.
About XCarnival
XCarnival is a lending aggregator that provides easy-to-use financial products. Users can put their NFTs on XBroker as a pledge to borrow money from other lenders. Additionally, users can simultaneously borrow money from Megabox with their altcoins, such as Cake, Dodo, Bifi, and many more. XCarnival believes that “everything is collateral”, and works towards unlocking more liquidity for the metaverse space through its innovative practices.
To learn more about XCarnival, visit xcarnival.fi,follow @XCarnival_Lab on Twitter. To understand the full vision of the XCarnival, read the XCarnival litepaper.
