Haedal is a liquid staking protocol built on the Sui blockchain. It allows users to stake their SUI tokens, enabling them to earn rewards. In exchange for staked SUI tokens, users are provided with a token called 'haSUI'. This haSUI token can be used on DeFi (Decentralized Finance) platforms, increasing the liquidity of the staked assets.
The Haedal protocol helps provide security and decentralization to the Sui network. Recently, the Haedal (HAEDAL) token was listed on major crypto exchanges like Binance, which increased its market value. These listings and airdrop announcements have heightened investor interest in the Haedal token. Haedal is expected to play a significant role in the Sui ecosystem.