The Haedal Token (HAEDAL) is a utility and governance crypto asset that is at the core of the Haedal Protocol, the leading liquid staking protocol on the Sui blockchain. This protocol allows users to stake SUI or Walrus (WAL) tokens while maintaining asset liquidity through derivative tokens like haSUI or haWAL. Here is a complete explanation:
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### 1. Functions & Utility of HAEDAL Token
- Governance: HAEDAL holders can lock tokens into veHAEDAL (vote-escrowed HAEDAL) to participate in protocol decision-making, such as validator elections or incentive allocation.
- Staking & Rewards: Users staking HAEDAL receive additional yield and increased APY (Annual Percentage Yield) in farming activities.
- DeFi Integration: HAEDAL is used in the Sui ecosystem to provide liquidity, collateral on lending platforms, or trading on DEXs like Cetus and Turbos.
- Airdrop & Incentives: A portion of tokens is allocated for an airdrop program for early users and community contributors.
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### 2. HAEDAL Tokenomics
- Total Supply: 1 billion HAEDAL.
- Initial Supply: 195 million HAEDAL (19.5% of total) in circulation at launch.
- Allocation:
- 55% for ecosystem incentives (staking rewards, liquidity mining).
- 20% for the team and advisors (with a vesting period of 12-24 months).
- 15% for investors (with a lockup of 6-12 months).
- 10% for liquidity on centralized (CEX) and decentralized (DEX) exchanges.
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### 3. How to Obtain HAEDAL
- Staking SUI/WAL: Users can stake SUI or WAL on the Haedal Protocol to receive haSUI/haWAL, which can then be used in DeFi activities or HAEDAL airdrop programs.
- Trading on Exchanges: HAEDAL has been listed on Binance, Bybit, and KuCoin with pairs such as HAEDAL/USDT and HAEDAL/TRY. Daily trading volume reached $237 million (as of May 23, 2025).
- Airdrop Program: Haedal allocates 5% of the supply for active users and community contributors, including participation in staking or marketing campaigns.
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### 4. Advantages of Haedal Protocol
- Liquid Staking: Users do not need to lock assets when staking. The haSUI/haWAL tokens received remain liquid and can be used in DeFi to generate additional yield.
- Value Appreciation of haSUI: The value of haSUI increases over time as it absorbs staking rewards from Sui validators. For example, 1 haSUI could be worth more than 1 SUI in the long term.
- Sui Ecosystem Integration: Haedal collaborates with major projects on Sui such as Navi Protocol, Cetus, and Scallop, enhancing the utility of haSUI and HAEDAL.
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### 5. Risks & Considerations
- Price Volatility: HAEDAL has a "Seed Tag" label on Binance, indicating high price fluctuations. In the last 24 hours (as of May 23, 2025), its price ranged between $0.1682–$0.2087.
- Dependence on Sui Adoption: The value of HAEDAL is dependent on the growth of the Sui ecosystem, which currently has a TVL (Total Value Locked) of $2.1 billion.
- Team/Investor Token Vesting: 35% of the HAEDAL supply (team + investors) will be released gradually over 1–3 years, potentially putting downward pressure on prices if large sales occur.
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### 6. Recent Developments
- Listing on Binance: HAEDAL experienced a price increase of 34% within 24 hours after listing on Binance on May 21, 2025, driven by an airdrop for BNB holders and market enthusiasm for the Sui project.
- TVL Growth: Haedal has become the third largest liquid staking protocol on Sui with a TVL of $226 million, behind Navi Protocol ($588 million) and SuiLend ($733 million).
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### Conclusion
HAEDAL is a multifunctional token that combines liquid staking, governance, and DeFi integration in the Sui ecosystem. While offering the potential for high yield through staking and ecosystem participation, users need to consider market volatility and the vesting schedule for team/investor tokens. Its launch on Binance and collaboration with other Sui projects strengthens its position as one of the innovative protocols in the crypto space of 2025 $HAEDAL
