Today we will learn about Haedal Protocol.
It's recently listed on Binance.
We will see whether it's a good investment or another floop project.
What is Haedal Protocol?
$Haedal is liquid staking protocol on Sui.
It has a strong, reliable and secure infrastructure allowing people to stake sui and walrus token to earn rewards and LST (Liquid staking tokens) which can be used in Defi activities.
How Haedal Protocol Strengthens Sui and Benefits Users
Haedal Protocol helps to secure the Sui Blockchain. Haedal is also building some other products like Haedal Market Maker, haeVault and more. Haedal is introducing structured and organized products to help the users.
Tokenomics
Total supply: 1B
Circulating supply: 195M
Current Market Cap: $34M
Very much of its supply is locked 🔒 and Ecosystem incentives are unlocked 🔓 on daily or weekly basis while investers and Team tokens unlock will start from 6 months and 1 year respectively
Overall the project is good and it's built on Sui which is a very bright thing about it but it's always risky to invest in new projects. Do your own research before investing any penny in it.
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