XCarnival

XCarnival is a verifiable DeFi project (NFT lending aggregator) that launched in 2021 and achieved significant initial traction, including a token listing and millions in TVL. However, the project suffered a major security exploit ($3.8M hack) in June 2022 which severely damaged its utility and reputation. The submission itself is of extremely low quality, containing demonstrably false claims (e.g., 'most people have used my product') and missing data. While the protocol remains technically active with some residual value (~$2M TVL), it is currently in a stagnation phase with low user activity compared to its peak.