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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

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Overview

Project industryExchanges & Wallets
Product typePlatform
WhitepaperNarwhal Finance White Paper 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.

Details

Raised: 1,000,000 USD

Legal

Blockchain Platform: BNB Chain, Arbitrum
Registration year: 2023

Token info

Ticker: NAR
Type: Utility-token

Social media

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