Haedal Protocol enables SUI staking with liquid rewards (haSUI), allowing users to earn yield while staying active in the Sui DeFi ecosystem.
HAEDAL token launched on Binance Alpha in April 2025, boosting liquidity and marking a major step in project visibility and adoption.
With the highest TVL among Sui liquid staking protocols, Haedal is positioning itself as a core layer in the blockchain’s staking and DeFi landscape.
Haedal Protocol (HAEDAL) is a liquid staking protocol on Sui, offering yield-bearing haSUI tokens and deep DeFi integration. Backed by top investors and now live on Binance Alpha.
WHAT IS HAEDAL PROTOCOL (HAEDAL)?
Haedal Protocol (HAEDAL) is a liquidity staking protocol built on the Sui blockchain, known for its high performance and low transaction costs. The protocol allows users to stake their $SUI tokens to support the network’s security and governance, while receiving liquid staking tokens like haSUI and other yield-bearing haTokens in return.
Unlike traditional staking, Haedal Protocol offers haSUI — a liquid representation of staked assets — which enables users to earn interest over time or continue participating in DeFi activities within the Sui ecosystem. This design significantly enhances capital efficiency by allowing staked assets to remain productive.
According to data from DefiLlama, Haedal Protocol stands as the only liquid staking solution on Sui and currently leads the ecosystem with a TVL approaching $200 million. Beyond Sui, the protocol also supports staking for WAL through haWAL, driving liquidity staking for the Walrus ecosystem.
📌Who Built Haedal Protocol?
Haedal Protocol is led by a team of blockchain and Web3 experts with deep experience in staking, decentralized governance, and DeFi infrastructure. One of the standout figures is co-founder Luke Shi, a strong advocate for optimizing yield and liquidity on the Sui network.
Under the leadership of the Haedal Protocol team, the project has quickly gained traction among major blockchain investment funds. On January 3, 2024, Haedal announced the completion of its seed funding round, securing support from prominent backers including Hashed, OKX Ventures, Animoca Ventures, and the Sui Foundation.
🚨 BREAKING NEWS 🚨
Dear all Haedal fans, we are utterly thrilled to announce that @HaedalProtocol has succefully completed its Seed Round funding! 🥳https://t.co/GrkA0rSjT2
👇 🧵 pic.twitter.com/oV4mHEmJzV
— Haedal🦦 (@HaedalProtocol) January 3, 2025
>>> More to read: Exploring SUI: A Revolutionary Cryptocurrency on the Rise
HOW HAEDAL PROTOCOL WORKS?
Staking lies at the core of Haedal Protocol. Users who stake $SUI receive haSUI — a liquid staking token that not only accumulates yield over time but can also be used across DeFi applications within the Sui ecosystem.
haSUI is yield-bearing by design, meaning its value appreciates as staking rewards accumulate. The value of haSUI is calculated using the following formula:
✅ haSUI Price = Total Staked SUI / Total haSUI in Circulation
This model ensures that as the amount of staked SUI increases — while the supply of haSUI remains constant — each haSUI token naturally becomes more valuable. Specifically, after every epoch, the value of haSUI is adjusted based on the SUI staking rewards earned during that period.
As a result, long-term holders of haSUI may see a value appreciation of roughly 5% annually, depending on network conditions and staking returns.
Beyond passive yield, haSUI holders can actively participate in the broader Sui DeFi ecosystem — such as providing liquidity on Cetus DEX, borrowing or lending on Scallop, and other integrated protocols — unlocking more use cases and compounding rewards.
>>> More to read: What is Deepbook Protocol on Sui & DEEP Token
CORE PRODUCTS OF HAEDAL PROTOCOL
Haedal Protocol offers three core products that form the backbone of its ecosystem:
1️⃣ Stake: The Foundation of Haedal Protocol
Stake is the most essential product within Haedal Protocol.
Users can stake $SUI directly through their wallet or via integrated staking portals across the Sui ecosystem. In return, they receive haSUI, which unlocks access to various DeFi opportunities.
✅ Key features of the Stake platform include:
Staking:
Stake $SUI and receive haSUI. Users can choose between auto-stake and manual-stake modes. Manual mode allows selection of preferred validator pools.
Withdrawals:
Users can redeem their original $SUI by either unstaking or swapping haSUI back to SUI.
⚠️ The exchange rate is not fixed and is determined by Cetus DEX liquidity.
Claiming Rewards:
Allows users to collect accumulated staking rewards periodically.
2️⃣ DeFi: Yield Opportunities for haSUI Holders
Haedal Protocol integrates with major DeFi platforms in the Sui ecosystem, enabling users to put their haSUI to work.
🔍 Current DeFi strategies include:
Providing liquidity for the haSUI/SUI pair on Cetus DEX
Borrowing and lending haSUI on Navi
Yield farming haSUI/SUI on the Mole protocol
Depositing haSUI/SUI LP tokens into Cetus Vaults for boosted rewards
📊 Estimated APR Range: 0.1% – 17% depending on platform and strategy
3️⃣ HaeVault: The Random Vault Game
The Haedal Random Vault is a gamified staking product hosted by Haedal Protocol.
Users can deposit $SUI into a “vault” for a chance to win random rewards — the more SUI deposited, the higher the chances of winning.
🪙 Vault Mechanics:
Users may withdraw at any time before the game starts
A 1% fee applies to early withdrawals
Exiting a round requires waiting for the next round to start before rejoining
This product combines elements of chance with staking incentives, adding a playful layer to the Haedal ecosystem.
>>> More to read: Cetus on Sui : The Future of DEX
WHAT IS $HAEDAL?
HAEDAL is the native token of Haedal Protocol, serving as the backbone for governance, value accrual, and ecosystem incentives. It plays a key role in powering the protocol’s liquid staking infrastructure, DeFi integrations, and long-term sustainability.
Notably, HAEDAL was officially launched on Binance Alpha on April 29, 2025, marking its first public listing. This debut signals a major milestone in the growth of Haedal Protocol, reflecting strong support from both the community and leading market players.
BREAKING NEWS 💥$HAEDAL Perpetual Contract will be live on #Binance Futures @BinanceFutures!
🌊🌊🦦 https://t.co/YSCUrcaHJT
— Haedal🦦 (@HaedalProtocol) April 30, 2025
>>> More to read: Scallop: The Future of DeFi on Sui
THE FUTURE OF HAEDAL PROTOCOL (HAEDAL)
Haedal Protocol is emerging as a promising liquid staking solution on the Sui blockchain, offering users a way to earn staking rewards without sacrificing liquidity. This design unlocks greater capital efficiency for DeFi participants who want both yield and flexibility.
📊 Ecosystem Position
Highest TVL among liquid staking protocols on Sui
Gradually establishing itself as a key component in the Sui DeFi landscape
Attracting growing attention from users and investors alike
💰 Token Launch & Market Outlook
HAEDAL, the protocol’s native token, was launched on Binance Alpha on April 29, 2025
Listing on a major exchange brings increased liquidity and visibility
Short-term price appreciation is likely, though long-term performance depends on future disclosures
⚠️ As of now, Haedal Protocol has not yet released detailed tokenomics, leaving the long-term value proposition of HAEDAL still developing.
🔗 Seamless Utility for SUI Holders
By staking SUI through Haedal Protocol, users receive haSUI, a liquid staking token that:
Accrues yield over time
Can be used across a growing number of DeFi applications
Empowers users to maintain liquidity while maximizing their SUI exposure
This dual utility — earning staking rewards while actively engaging in DeFi — makes Haedal Protocol one of the more advanced and practical staking solutions on Sui.
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〈What is Haedal Protocol (HAEDAL) | Everything You Need to Know〉這篇文章最早發佈於《CoinRank》。
