Haedal is a liquid staking protocol based on Sui that allows anyone to stake their Sui tokens to promote governance and decentralization of the Sui blockchain. Meanwhile, users will receive haSUI as a reward, enabling them to continue participating in DeFi activities for additional earnings.
Core Advantages
Haedal Protocol is a leading liquid staking protocol based on the Sui blockchain, dedicated to providing efficient and flexible liquidity solutions for users and developers. Its core advantages include:
Security and Decentralization:
Haedal's liquid staking mechanism adopts a non-custodial design, with funds managed by smart contracts, ensuring on-chain operations are transparent and traceable. Staking data is stored on the Sui blockchain, ensuring immutability and permanent traceability.
The yield-bearing tokens obtained by users through haSUI and haWAL are fully anchored to the underlying assets (SUI or WAL), and the protocol fee (6%) is transparent, enhancing trust.
Cross-chain Compatibility:
Haedal focuses on the Sui ecosystem, but its modular architecture lays the foundation for future cross-chain expansion (such as Aptos, Solana). haSUI and haWAL can be seamlessly integrated into Sui's DeFi protocols (such as Cetus, Navi), enabling multi-scenario applications.
Supports Sui's SIP33 protocol, providing instant unstaking functionality, enhancing cross-protocol liquidity.
User-friendly Experience:
Provides regular unstaking (free, 1-2 epochs) and instant unstaking (0.02% fee), meeting the needs of different users.
haeVault simplifies the liquidity provision process through ultra-narrow rebalancing strategies, lowering the operational threshold for users, suitable for both beginners and professional users.
Haedal Random Vault introduces a gamified lottery mechanism, allowing staking SUI to participate in weekly rewards, enhancing user engagement.
Transparency and Verifiability:
All staking, unstaking, and reward distribution data are recorded on the Sui blockchain, publicly accessible, suitable for DeFi and DAO scenarios that require high transparency.
The veHAEDAL mechanism achieves community governance by locking HAEDAL tokens, ensuring fair and transparent incentive distribution.
Ecological Synergy:
Haedal provides a one-stop solution covering liquid staking (haSUI/haWAL), governance (veHAEDAL), high-yield liquidity pools (haeVault), and innovative incentives (Random Vault), with products working together to enhance capital efficiency in the Sui ecosystem.
Technical and Product Progress
haSUI & haWAL:
Liquid staking supporting SUI and WAL is live, with a mature haToken mechanism widely used in Sui ecosystem DeFi protocols (such as Cetus liquidity pool, Navi lending).
The exchange rate formula ensures that the value of haSUI/haWAL grows with staking rewards, combined with Sui's high-performance architecture (low gas fees, high throughput), providing a smooth user experience.
Integrated with Sui's SIP33 protocol, supporting instant unstaking, significantly enhancing liquidity.
veHAEDAL:
Governance and incentive mechanisms have been deployed, allowing users to obtain veHAEDAL by locking HAEDAL tokens (1-52 weeks) to participate in protocol governance and reward distribution.
The linear decay model (veHAEDAL(t) = Initial veHAEDAL × (T - t) / T) incentivizes long-term holding, enhancing community cohesion.
haeVault:
An innovative liquidity pool product that offers high annualized yields (more competitive than platforms like Cetus) through ultra-narrow rebalancing strategies.
Integrated into multiple DeFi protocols in the Sui ecosystem, attracting a large number of liquidity providers, enhancing the usability of haSUI/haWAL.
Haedal Random Vault:
A unique staking lottery mechanism, allowing users to stake SUI to participate in weekly rewards, where the amount and duration of staking determine the winning probability.
This mechanism is live and has significantly increased user engagement and protocol TVL.
Technical Highlights:
Modular Architecture: The minting and yield strategies of haToken are separated, adapting to the diverse needs of the Sui ecosystem.
Sui Blockchain Support: Utilizing Sui's high performance (low latency, low fees) and the security of the Move language to ensure the efficient operation of the protocol.
Security: Non-custodial design, smart contracts audited multiple times, combined with Sui's on-chain transparency, ensuring the safety of user funds.
Business Model
The Haedal Protocol's revenue model mainly includes:
Protocol Fees: A fee of 6% is charged from staking rewards for protocol operations and ecological development.
haeVault profit sharing: The high-yield strategies of liquidity pools may introduce additional service fees (such as LP reward sharing).
Random Vault value-added services: Advanced lottery or customized incentive programs may be launched in the future to increase revenue sources.
Potential enterprise services: Providing customized staking and liquidity solutions for institutional users, such as bulk staking or dedicated liquidity pool management.
Currently, Haedal's revenue mainly relies on protocol fees and liquidity incentives from haeVault, while the long-term profit potential of veHAEDAL and Random Vault remains to be explored.
Financing Background
Seed round financing (date not disclosed):
Amount undisclosed, securing support from top institutions such as Hashed, OKX Ventures, Animoca Brands, Sui, Comma3 Ventures, laying the foundation for product development and ecological integration.
Overall
Haedal Protocol is a pioneer in liquid staking within the Sui ecosystem, addressing the liquidity constraints, incentive sustainability, and ecological integration challenges of traditional staking through haSUI/haWAL, veHAEDAL, haeVault, and Random Vault. Its technical architecture (modular design, Sui's high-performance support) is solid, and its product matrix (staking, governance, liquidity pools, lottery) is highly synergistic, providing efficient DeFi solutions for users and developers.#币安HODLer空投HAEDAL
