Website

Narwhal Finance (NAR)

Last updated: Apr 07, 2023

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

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.

Overview

Project industry	Exchanges & Wallets
Product type	Platform
Whitepaper	Open

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.