Narwhal Finance (NAR)

Narwhal Finance is a cross-market decentralized perpetual exchange that offers a unique solution for social trading by enabling leveraged trading of all asset classes through synthetic assets. Liquidity providers on Narwhal earn a yield from trading fees and top traders’ performance, making it a profitable opportunity for all parties involved.

Seed Round: $1 Million

Whitepaper

Important By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

What is Narwhal Finance

Narwhal Finance is a decentralized perpetual trading platform on BNB Chain and Arbitrum. It allows users to trade a wide range of leverages and pairs (Crypto and FX) without KYC, geographic restrictions, or high centralized exchange fees.

The protocol ecosystem revolves around USDT, a stablecoin that can be used as collateral when opening trades; NLP, the liquidity token used as a counterparty to traders; and NAR, the protocol’s governance, and utility token.