Here are the reasons worth investing and the key points you need to focus on (all data as of April 15)
The liquid staking market of the Sui network is not yet booming, with a total staked SUI value of $30.748 million, of which only 2% has liquidity. In comparison: In the Solana network, 10.1% of the total staked SOL value of $4.29 billion has liquidity; In the Ethereum network, 30.5% of the total staked ETH value of $10.25 billion has liquidity. As the Sui ecosystem develops, the Haedal staking protocol, currently with $120 million in TVL, is expected to become the leading liquid staking protocol in the ecosystem.
A major issue in Sui's liquid staking derivatives market is its low staking annual yield, around 2.5%, compared to 7-8% for Solana and 3-4% for Ethereum.
Haedal significantly improves Sui network's staking performance through a dynamic validator selection mechanism and innovative Hae3 framework, including three major components: HMM, HaeVault, and HaeDAO, outperforming other LSD protocols. Haedal monitors the status of all network validator nodes and selects nodes with the highest APR during staking. When unstaking, Haedal prioritizes withdrawing funds from validators with lower APR, a strategy that continuously ensures high annual yields for liquid staking tokens.
HMM (Haedal Market Maker) optimizes liquidity across various DEXs on the Sui blockchain by combining oracle pricing and real-time market data, collecting 0.04% transaction fees.
From February to March, trading volume grew from $59.13 million to $284.15 million, generating $236,000 in fees, with an average TVL of $800,000. After allocating 50% of income to incentives, haSUI's annualized yield increased by 24.4%, from 2.58% to 3.21%.
Cetus Protocol is the largest DEX in the Sui ecosystem, with a daily trading volume of $92 million. Haedal, launched on January 6, 2025, currently has a daily trading volume of $5.69 million, equivalent to 6.12% of Cetus's trading volume. By adopting an oracle pricing mechanism, HMM is poised to achieve rapid revenue growth by capturing arbitrage trading volume.
Haedal Vault simplifies the liquidity provision process for users with idle funds, eliminating the tedious management of LP positions, allowing users to easily deposit funds and obtain higher returns.
HaeVault enhances returns through an ultra-narrow rebalancing strategy. Taking the SUI-USDC trading pair as an example, Cetus platform provides an annualized yield of 250.8% (based on Cetus data), while HaeVault achieved a 1117% annualized yield, with a net yield of 938% after deducting 16% fees.
Hae3 is deeply integrated into the Sui DeFi ecosystem (TVL over $1 billion). Among them, the HMM protocol captures DEX fee income, Haedal vault optimizes liquidity provider returns, and HaeDAO grants governance decision-making rights. Volo and Suilend, focusing on basic staking and lending, lack this synergy, making Haedal a superior yield optimizer.
The use cases of the HAEDAL token further consolidate its application value. Locking it as a veToken allows participation in HaeDAO governance or enhancing vault annual yields. Additionally, potential airdrop opportunities (common in the Sui ecosystem) add extra advantages.
Haedal's core metrics perform strongly: TVL reaches $117.36 million (compared to Suilend's $117.4 million and Volo's $50 million), with over 44,000 daily active wallets and 794,000 holders. Currently, Haedal leads in trading volume, annual yield, and holder scale.
Support from VCs like Hashed, Comma3, OKX Ventures, and Animoca Brands further demonstrates its potential.
Haedal stands out with a high-growth market (LSD penetration rate of only 2%, with 10x growth potential), innovative products, and solid fundamentals. As the Sui ecosystem expands, the protocol is well-positioned in liquid staking and is poised to become an industry leader.
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