• Project name: Haedal (code: HAEDAL)
• Project Type: A new Web3 protocol, focused on building advanced infrastructure to support decentralized applications (dApps) and artificial intelligence.
• Listing date: It was announced today that trading will start within the next few hours or tomorrow at the latest, with major trading pairs such as HAEDAL/USDT.
• Additional activities:
• The HAEDAL deposit will be opened shortly before the start of trading.
• Promotional campaigns such as “Launchpool” or staking rewards linked to the currency may be launched.
• Why is it important?
• Binance usually only lists projects that are promising or have strong activity expected.
• This listing indicates that Haedal may be a project closely monitored by investors.
Summary of the project document (whitepaper) for the Haedal Protocol (HAEDAL), an innovative liquid staking protocol built on the Sui network:
🧠 What is Haedal?
Haedal is a liquid staking protocol on the Sui network that allows users to stake their SUI tokens while maintaining liquidity. When staking SUI, users receive haSUI tokens, which represent their ownership of the invested assets and can be used in various decentralized finance (DeFi) activities.
⚙️ Mechanism of action
1. SUI Staking: Users stake SUI tokens in the Haedal protocol.
2. Receive haSUI: After staking, users receive haSUI tokens, which represent the amount of SUI invested.
3. Increase in haSUI value: The value of haSUI gradually increases over time as a result of staking rewards.
4. Participating in DeFi: haSUI can be used in DeFi activities such as providing liquidity, lending/borrowing, or trading on DEX platforms.
The haSUI value is calculated using the following formula:
haSUI Price = Total SUI Invested / Total haSUI Issued
After each epoch, the value of haSUI automatically increases as a result of staking rewards.
🔑 Main Features
• Flexible sticking: Haedal offers two sticking modes:
• Automatic: Fast sticking with one click.
• Manual: Allows users to choose validators themselves to achieve optimal profits.
• Clouds:
• Cancel Stecking: Withdraw the SUI after the cancellation request is processed.
• HaSUI Swap: Exchange haSUI for SUI instantly through DEX platforms like Cetus.
• Participate in DeFi: haSUI can be used in DeFi activities such as providing liquidity, lending/borrowing, or trading on DEX platforms.
• Vault: Allows users to deposit SUI to participate in the weekly lucky draw program, where users are randomly selected to receive rewards.
🔐 Security Audit
Haedal's smart contracts have been audited by MoveBit, where several issues of varying severity were identified and fixed or acknowledged, demonstrating the project's commitment to security and transparency.
🌐 Practical uses
• Participate in governance: By staking SUI, users contribute to the governance of the Sui network.
• Leverage DeFi: haSUI can be used in various DeFi activities, increasing returns.
• Maintain liquidity: Users can use their invested assets for other activities without having to cancel staking.
