Narwhal Finance is a decentralized perpetual trading platform exclusively on Monad. It allows users to trade various 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.