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What is Haedal Protocol?
Haedal Protocol is the first Liquid Staking protocol built on the Sui blockchain, allowing users to stake SUI tokens to participate in transaction validation and network governance. When staking SUI, users receive haSUI — a Liquid Staking Token (LST) representing ownership of staked SUI. haSUI has the ability to accumulate profits over time and can be used in other DeFi protocols to optimize returns.
Haedal is currently the leading Liquid Staking protocol in the Sui ecosystem, with TVL reaching nearly 200 million USD (according to defillama as of the end of 04/2025).
How does Haedal Protocol work?
Basic operating process of Haedal Protocol:
- Stake SUI: Users deposit SUI into the Haedal protocol.
- Receive haSUI: In return, users receive haSUI.
- Validator & Rewards: Haedal uses staked SUI to become a validator, earning staking rewards.
- Increase haSUI value: Staking rewards increase the conversion value of haSUI over time.
- Participate in DeFi: Users can use haSUI in DeFi products to generate additional profits.
Current APR from SUI staking is around 4.1%, with a 10% fee on staking rewards collected by Haedal.
Haedal Protocol's Products
1. Stake
- Users can stake SUI tokens (or native staked SUI) through Haedal.
- Haedal provides 2 staking methods:
- Automated: Haedal automatically selects the best pool for users.
- Manual: Users can freely choose staking pool by APY.
After staking, users receive haSUI, which can be used to earn additional interest or participate in DeFi.
2. DeFi Integration
Haedal Protocol is actively expanding haSUI into DeFi products in the Sui ecosystem, specifically:
- Liquidity provision: haSUI/SUI on Cetus DEX and Turbos Finance.
- Lending/Borrowing: On lending platforms like Navi.
- Yield Farming: Through Mole and other farming protocols.
- Vault Deposit: Depositing haSUI/SUI into vaults on Cetus.
APR for these activities ranges from 0.1% to 17%, depending on the pool and platform.
3. Haedal Random Vault
- An interesting staking minigame where users stake SUI in a vault for a chance to win haSUI rewards weekly.
- Winning rate depends on the amount of SUI staked.
- Users can withdraw funds at any time before the game round starts (1% withdrawal fee).
Main Features of Haedal Protocol
- First Liquid Staking on Sui: Exploring the potential of the LSDfi (Liquid Staking Derivatives) market.
- Yield-Bearing Token: haSUI increases in value over time without needing to unstake.
- Diverse DeFi Applications: Utilizing haSUI in lending protocols, DEX, yield farming.
- Integration with Multiple Partners: Cetus, Turbos Finance, Navi, Mole.
- Attractive Minigame Vault: Providing a staking experience that is both rewarding and entertaining.
Tokenomics of Haedal Protocol
Haedal Protocol has not yet published detailed tokenomics
Users currently only work directly with SUI and haSUI — the representative staking token in the ecosystem.
Token Metric
Updating…
Token Allocation
Updating…
Token Vesting
Updating…
Information about the native token of Haedal (if any) will be updated when the project officially announces.
However, Binance Wallet will be the first platform to list the $HAEDAL token on 29/4/2025
Development Team and Investors
- Team: Founding or technical member identities have not been officially disclosed.
- Investors:
- Confirmed investment by DEX Cetus in Haedal Protocol.
- Collaborating with other DeFi protocols such as Navi (lending), Mole (yield farming).
Development Roadmap
The current official roadmap of Haedal Protocol includes:
- Expand haSUI integration into more DeFi platforms in the Sui ecosystem.
- Increase TVL to a higher level.
- Update vault products, optimize staking and DeFi rewards.
- Expected to launch new validator staking mechanisms and farming pools in the future.
Similar Projects
- aPriori: Liquid staking on Monad blockchain.
- Tortuga Finance: Liquid staking on Aptos.
- Stader Labs: Multi-chain liquid staking.
Insights on Haedal Protocol
Haedal Protocol is effectively leveraging the strongly developing Liquid Staking narrative in the DeFi market. As the first liquid staking project and leading in TVL on Sui, Haedal possesses:
- Diverse product ecosystem (staking, DeFi, minigame vault).
- Deep integration with key DeFi protocols on Sui.
- Robust TVL growth within less than a year.
However, the project also needs to quickly disclose more information about tokenomics, core team, and long-term plans to maintain momentum in the upcoming competitive LSDfi season.
Summary
Haedal Protocol is establishing itself as an important piece in the Sui ecosystem, especially in the Liquid Staking field. By providing haSUI as a flexible yield-bearing token, with extensive integration into DeFi protocols, Haedal not only opens up opportunities to optimize investor profits but also contributes to the overall growth of the Sui ecosystem.
