Haedal Protocol is a liquid staking platform built on the Sui blockchain – a prominent Layer 1 network known for its high scalability and low transaction fees. With Haedal, users can stake SUI tokens and receive haSUI – a token representing staked assets, allowing continued participation in DeFi activities such as trading, lending, and providing liquidity while still receiving staking rewards.
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🔁 Operating Mechanism
1. Stake SUI: Users stake SUI tokens through Haedal's smart contract.
2. Receive haSUI: After staking, users receive haSUI – a liquidity token representing staked SUI and accumulated rewards.
3. Participate in DeFi: haSUI can be used in DeFi applications within the Sui ecosystem such as trading, lending, and providing liquidity without needing to un-stake SUI.
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🏛️ Token Ecosystem: HAEDAL & veHAEDAL
• HAEDAL is the governance token of the protocol, with a total supply of 1 billion tokens and a distribution schedule over 7 years.
• Users can lock HAEDAL to receive veHAEDAL – a token used for:
• Receive weekly staking rewards.
• Increasing profits in Haedal's farming modules.
• Participate in voting on Haedal DAO proposals.
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💡 Haedal Highlights
• Profit Optimization: Allows users to receive staking rewards while also using their assets in DeFi activities.
• High Liquidity: haSUI can be traded and used in DeFi applications without needing to un-stake SUI.
• Support from Major Funds: Backed by funds such as Animoca Ventures, OKX Ventures, Hashed, and Comma3VC.
• Listed on Binance: HAEDAL has been listed on Binance and participated in the HODLer Airdrops program, attracting significant attention from the community.
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📈 Performance and Market Dynamics
In May 2025, HAEDAL recorded an impressive price increase of over 34% within 24 hours, reflecting strong interest from investors. With over $226 million in total value locked (TVL), Haedal is currently the third-largest DeFi protocol in the Sui ecosystem, behind only Navi Protocol and SuiLend.
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🔐 Safety and Incident Response
Haedal has demonstrated the ability to respond quickly to security incidents. After the attack on the Cetus protocol, Haedal temporarily disabled the haeVault feature to protect users and ensure the safety of assets.
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🚀 Conclusion
Haedal Protocol is not just a liquid staking platform, but also a bridge between traditional staking and modern DeFi. With a flexible mechanism, a strong token ecosystem, and support from major partners, Haedal is opening new opportunities for users to maximize the potential of the Sui blockchain.