The world of decentralized finance (DeFi) continues its unstoppable evolution, constantly seeking solutions that optimize capital use and improve accessibility for users. In this dynamic context, the Haedal Protocol (HAEDAL) emerges as an innovative liquid staking proposal built on the promising Sui blockchain, with plans for expansion to the BNB Smart Chain.
What is Haedal Protocol and why is it important?
At its core, traditional staking requires users to lock their digital assets for a set period to participate in network security and earn rewards. While this contributes to blockchain stability, it also immobilizes capital, preventing its use in other DeFi opportunities.
Haedal Protocol addresses this limitation through liquid staking. When a user stakes their tokens through Haedal, they receive liquid representative tokens (LRT) in return that maintain a value equivalent to the underlying staked assets, plus accumulated rewards. These LRT can be freely used in other DeFi applications, such as loans, decentralized exchanges (DEXs), or as collateral, thereby unlocking liquidity and maximizing the capital's yield potential.
Key Technical Details of Haedal
Built on Sui: The choice of Sui as the initial base offers significant advantages in terms of scalability, transaction speed, and low costs, thanks to its unique object-centered architecture.
Liquid Representing Tokens (LRT): Haedal will issue LRTs (for example, haeSUI for staked Sui) that will accumulate value as staking rewards are generated. The exchange rate between the LRT and the underlying asset will increase over time.
Multi-Chain Integration: Haedal's roadmap includes expansion to the BNB Smart Chain, allowing users in this ecosystem to also benefit from the liquid staking of their assets.
Decentralization Mechanisms: While still in its early stages, Haedal is expected to incorporate decentralized governance mechanisms to allow the community to participate in decision-making about the future of the protocol.
Security: Security is a fundamental priority. Smart contract audits by recognized firms are anticipated to ensure the robustness and reliability of the protocol.
