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Introduction to Narwhal
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.