Before writing XCarnival, I am going to say something off the field.

"Hackers and Painters" said: If you want to grasp this era, you must understand computers. The key to understanding computers is to understand the people behind them. On the surface this is an age of machines, but in fact the designers of the machines determine our age. The programmer's aesthetics determine the software interface you see, and the programmer's hobbies determine what kind of software you have to use.

Also in the blockchain world, the aesthetics and hobbies of developers determine what kind of products we can use, but the popularity of DeFi, and lowb and shib, which are small trends driven by community culture, seem to be opening up a different The same environment: can we directly decide what kind of blockchain products we want? Will there be a "destination" for altcoins and NFTs full of hands? What exactly are synthetic assets synthesizing? ....

All the above questions can be answered in XCarnival.

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The operating mechanism of XCarnival

Player Alice wants to start a prediction game [whether the gas fee of eth will drop significantly after 6 months], and she only has some NFTs worth 1000U.

So she first initiated a request in "XBroker", mortgaged her NFTs, and prepared to borrow 500USDxc (the stable currency in XCarnival), and could pay 15% interest for a lease period of 6 months.

And the lender Bob can only lend 300USDxc, which requires only 12% interest. Alice accepts Bob's offer and gets 300USDxc.

Alice pledged CXP (the platform currency in XCarnival) worth 300USDxc to "XArena", and used the simple and flexible template provided in "XArena" to create a prediction game (eGas game).

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What kind of synthetic asset protocol is XCarnival?

Synthetix was mentioned at the beginning. It is generally believed that the operation is complicated. Even for heavy DeFi players like leon, it is not very convenient to operate. Because of this, leon believes that it is necessary to lower the threshold for participating in synthetic assets. Open to rich investors, it also allows smaller investors to reap the benefits of synthetic assets. It will also allow more traditional investors and more interesting assets to enter the space by adding "MegaBox", "XArena" and "XAdapter" toolsets that can provide comprehensive exposure to multiple assets.

In terms of development plan, the first version of XCarnival is based on the deployment of R&D on the BSC chain, but in order to support more users and assets, the R&D will be promoted on ETH Layer 2 and Solana.

If you play BSC, you must have heard of Tuao University Lion Brothers. In the community, leon rarely bubbles up, but he basically sends out some opinions every day. His views on the market and projects are just a few sentences, posted by community volunteers come out. For example, it will provide risk warnings from audit institutions, and will also write articles to share dry goods such as "How to cut off the black hand of the local dog reaching out to your wallet: contract authorization management".

At 20:00 on May 19, Beijing time, XCarnival CEO Leon Liu demonstrated XCarnival online to the world in the "DoraHacks" live broadcast room (B station and Youtube). Leon said that in "XBroker", click "Borrow" to support NFT and Token mortgage assets, as shown in the figure, the operation is simple and smooth.

After the mortgage, if a lender accepts the Offer, the two parties will reach a cooperation and complete a transaction.

The above is just a demonstration of XCarnival's Demo "XBroker", and more functions are being developed and optimized, which is worth looking forward to.

In the initial stage of the project, there will be team operation and construction, and DAO will be introduced later. Leon said that DAO plays a special governance role in DeFi projects, which can improve the governance structure, decentralize decision-making, improve and strengthen transparency, and enable members to vote and actively participate in decision-making.