I. Project Overview
Haedal Protocol is a full-chain liquidity infrastructure built on the Sui blockchain, focusing on providing efficient staking and liquidity solutions for SUI and WAL tokens through liquidity staking derivatives. Its core products haSUI, haWAL, veHAEDAL, haeVault, and Haedal Random Vault aim to solve liquidity constraints in traditional staking while promoting DeFi development and cross-chain integration in the Sui ecosystem. Vision: To become the core infrastructure for liquidity distribution in the Sui ecosystem, driving the next stage of evolution for LSDFi and DeFi, providing efficient and flexible capital utilization methods for users and developers.
II. Core Issues and Challenges
Liquidity is key to the development of blockchain ecosystems, but in emerging blockchains like Sui, the following challenges still exist:
Liquidity fragmentation
Current situation: DeFi activities in the Sui ecosystem are constrained by single-chain assets, with insufficient cross-chain liquidity integration and low capital efficiency.
Impact: Users need to switch between different protocols, making operations complex and costly; emerging DeFi projects struggle to attract liquidity quickly.
The dilemma of staking and liquidity
Problem: While SUI staking can earn consensus rewards, user assets are locked after staking, limiting DeFi participation opportunities.
Limitations: Traditional staking protocols lack flexible unstaking mechanisms, and cross-chain operations are complex and pose security risks.
Sustainability of ecological incentives
Current situation: Many DeFi protocols rely on token subsidies to attract users, and their economic models are unsustainable, with limited long-term value.
Challenge: How to design an incentive mechanism that attracts user participation while ensuring the long-term development of the protocol?
Liquidity bottleneck of emerging chains
Problem: Sui, as a high-performance blockchain, has technical advantages, but the lack of liquidity in the early stages of the ecosystem limits project development.
Current situation: High delays and costs for cross-chain bridging, lacking an efficient liquidity distribution mechanism.
Core pain point: The Sui ecosystem needs an efficient and flexible liquidity staking protocol to solve asset locking, cross-chain integration, and incentive sustainability issues, unlocking billions of dollars of capital potential.
III. Haedal Protocol's Solutions
Haedal Protocol provides an efficient liquidity framework for users, developers, and the Sui ecosystem through its innovative liquidity staking mechanism and diversified product matrix, addressing fragmentation and locking issues, and promoting sustainable growth. 1. haSUI & haWAL: Yield-bearing liquid tokens
Definition: haSUI and haWAL are liquidity staking certificates obtained after users stake SUI or WAL, representing ownership and yield share in the staking pool.
Core Mechanism:
Dynamic yield: The value of haToken appreciates as validator rewards accumulate in the staking pool, steadily increasing relative to the underlying assets (SUI or WAL).
Full-chain liquidity: haSUI retains the native functionality of SUI and can be seamlessly used in DeFi protocols of the Sui ecosystem (such as lending, trading, liquidity mining).
2. Flexible unstaking mechanism
Regular unstaking:
haSUI: Retrieve SUI for free after 1-2 epochs (approximately 2-4 weeks).
haWAL: Retrieve WAL for free after 2 epochs.
Instant unstaking: Supports Sui SIP33 protocol, providing instant redemption at a cost of 0.02% of the unstaking amount, meeting high liquidity demands.
3. veHAEDAL: Governance and incentive mechanism
Definition: Obtain veHAEDAL by locking HAEDAL tokens for governance and reward distribution, enhancing user participation.
Mechanism:
Lock-up period: 1 week to 52 weeks; the longer the lock-up period, the higher the initial veHAEDAL.
Balance linearly declines over time, unlocking daily drops to 0, allowing users to retrieve HAEDAL.
Impact: Incentivize long-term holding, promote community governance, and optimize ecological incentive distribution.
4. haeVault: Efficient liquidity pool
Function: Providing high-yield liquidity pools for idle funds through ultra-narrow rebalancing strategy, simplifying the liquidity provision process.
Advantage: Compared to platforms like Cetus, haeVault offers higher annual yields, enhancing the utility of haSUI and haWAL.
Impact: Attract more liquidity providers, driving DeFi growth in the Sui ecosystem.
5. Haedal Random Vault: Innovative incentive mechanism
Function: Users stake SUI to participate in weekly lotteries, with higher staked amounts and earlier stakes increasing winning probabilities.
Innovation: Improve user participation through gamification mechanisms, providing additional earning opportunities for stakers.
Technical Highlights
Modular architecture: The minting and yield strategy of haToken are separated to meet the diverse needs of the Sui ecosystem.
Efficient unstaking: Combined with SIP33 protocol, providing flexible liquidity solutions.
Security assurance: Non-custodial design, transparent on-chain operations, combined with Sui's high-performance architecture, ensuring the safety of user funds.
IV. Ecological Achievements and Market Performance
Scale: The TVL of Haedal Protocol has reached a significant scale, specific data to be updated by the official (based on existing information, growing rapidly).
Token performance: HAEDAL token has been listed on several mainstream exchanges, with good liquidity and high market recognition.
Ecosystem integration: haSUI is widely used in Sui ecosystem's DeFi protocols (such as Cetus, Navi), promoting project development within the ecosystem.
User participation: Attract a large number of users through veHAEDAL and Random Vault, enhancing community stickiness.
V. Financing and Endorsement
Financing situation: Completed seed round financing, amount undisclosed.
Investors: Supported by top institutions such as Hashed, OKX Ventures, Animoca Brands, Sui, Comma3 Ventures.
Team: Led by experienced blockchain professionals such as Luke Shi, with a strong DeFi and technical background.
VI. Future Outlook
Haedal Protocol aims to become the core hub of liquidity in the Sui ecosystem, connecting DeFi, GameFi, and other innovative scenarios:
2025 Q1: Optimize haeVault strategy, launch more DeFi integrations, and expand haSUI/haWAL application scenarios.
2025 Q2: Introduce veHAEDAL governance DAO to enhance community autonomy; launch cross-chain bridging support.
2025 Q3: Collaborate with more Sui ecosystem projects to develop high-yield liquidity products and optimize Random Vault reward mechanisms.
2025 Q4: Explore cross-chain liquidity integration with high-performance chains (such as Aptos, Solana), and launch AI-driven staking optimization tools.
VII. Summary
Haedal Protocol provides efficient and flexible liquidity staking solutions for the Sui ecosystem through haSUI, haWAL, veHAEDAL, haeVault, and Random Vault, breaking the liquidity constraints of traditional staking. Its modular design, flexible unstaking mechanisms, and innovative incentive models significantly enhance capital efficiency and user participation. Backed by top institutions and professional teams, the rapid growth and ecological integration capabilities of Haedal Protocol make it a key infrastructure for Sui DeFi, with unlimited future potential.#币安HODLer空投HAEDAL