Narwhal Finance is a decentralized perpetuals exchange (DEX) built on the Sui blockchain. The platform is designed to provide users with a venue for on-chain derivatives trading, allowing them to speculate on the price movements of various crypto assets with leverage. As a decentralized application (dApp), it enables users to trade directly from their own wallets, ensuring self-custody of their funds throughout the trading process. The core offering of Narwhal Finance is perpetual contracts, which are a type of futures contract without an expiration date. This allows traders to open and maintain long or short positions on assets like Bitcoin (BTC) and Ethereum (ETH) for as long as they choose, provided they maintain sufficient collateral. By operating on the Sui network, Narwhal Finance aims to offer a trading experience characterized by high transaction speeds and low gas fees, addressing common pain points found on other, more congested blockchains. In addition to its trading features, the protocol includes a mechanism for liquidity provision. Users can contribute assets to the platform's liquidity pool to help facilitate trades. In return for providing liquidity, these users, known as liquidity providers (LPs), can earn a portion of the trading fees generated on the platform. This model is integral to the functioning of many decentralized finance (DeFi) protocols, as it creates the market depth necessary for traders. Narwhal Finance serves as a component of the growing DeFi ecosystem on Sui, offering a decentralized alternative to centralized exchanges for crypto derivatives trading.