Haedal – the liquid staking protocol on Sui – announces a weekly buyback program for HAEDAL tokens, using 50% of profits to support prices and reward stakers. The price of HAEDAL rose 17% immediately after the announcement; could this be a signal for a new growth phase? Let's analyze in detail.


Haedal Launches Buy Back Program

#Haedal the leading liquid staking protocol on the Sui blockchain, implementing a Buy Back Program to distribute profits back to the community. Each week, Haedal uses 50% of profits (from staking fees, HMM fees, and net profits from haeVault) to buy back HAEDAL on the secondary market. The repurchased tokens are distributed to veHAEDAL stakers, in proportion to the amount held, automatically accumulating and can be withdrawn at any time in the next epoch.


The program not only supports prices but also encourages long-term commitment:



  • Sustainable growth: The protocol develops, revenue increases, buying power of HAEDAL rises, and the value received by stakers is also higher.


  • Price stability: Periodic buying creates stable demand for HAEDAL.


  • Increased utility: veHAEDAL stakers receive rewards, governance rights, and future utilities.



Market Reaction: HAEDAL Price Rises 17%

Immediately after the announcement, the price of HAEDAL increased by 17% in 24 hours, reaching 0.1723 USD. Haedal currently leads the Sui ecosystem with 200 million USD in total locked assets (TVL), up 30% over the past month. The protocol allows staking SUI tokens to confirm transactions and govern the network, previously Binance Wallet airdropped HAEDAL to users reaching 80 Alpha Points in April.


Impact on the Crypto Market

This event brings many signals:



  • Boosting altcoin confidence: HAEDAL's 17% increase could ripple to coins like Solana (146 USD), especially when altcoins are in the spotlight ($BNB forecasting 2,775 USD by 2028).


  • Promoting DeFi: Liquid staking on Sui supports the Web3 ecosystem, similar to Notcoin (transitioning to Web3 gaming).


  • Increasing cash flow: Crypto fund flow reached 3.4 billion USD last week, and is projected to accumulate 330 billion USD in Bitcoin by 2029 (Bernstein) reinforcing the trend.



Future Prospects

With 200 million USD in TVL and a buyback mechanism, HAEDAL has growth potential in the next 1-2 years if Sui continues to develop. This program could inspire other DeFi protocols, shaping the altcoin ecosystem.


Conclusion: Will HAEDAL Continue to Break Through?

Haedal announces the Buy Back Program, using 50% of profits to buy back HAEDAL, pushing the price up 17% to 0.1723 USD, and rewarding veHAEDAL stakers. As the leading protocol on Sui with 200 million USD TVL, Haedal promises a bright future in DeFi. Investors should closely monitor to seize opportunities from this potential altcoin.


Risk warning: Crypto investments carry high risks due to price volatility and legal uncertainty. Please consider carefully before participating. #anhbacong