Haedal Protocol is a leading liquid staking platform built on the Sui blockchain, designed to revolutionize decentralized finance (DeFi) by unlocking liquidity and maximizing capital efficiency for staked assets. Launched in 2023, Haedal empowers users to stake SUI and WAL tokens while maintaining flexibility to participate in DeFi activities, offering a seamless blend of staking rewards and liquidity through its innovative haSUI and haWAL tokens.
Core Features and Innovations
Haedal Protocol introduces a user-centric approach to liquid staking. By staking SUI or WAL tokens on the platform, users receive haSUI or haWAL, yield-bearing tokens that accrue staking rewards over time. These tokens can be deployed across Sui’s DeFi ecosystem, including lending platforms, decentralized exchanges (DEXs), and other applications, allowing users to earn passive income without locking up their assets. With a Total Value Locked (TVL) exceeding $210 million and a trading volume surpassing $800 million, Haedal has established itself as a cornerstone of the Sui ecosystem.
The native $HAEDAL token powers the protocol, serving multiple purposes: governance, ecosystem incentives, and reward boosting. Users can stake $HAEDAL into veHAEDAL to access enhanced yields, governance rights, and a share of protocol revenues, fostering community-driven growth. Haedal’s tokenomics, with a total supply of 1 billion tokens and 55% allocated to ecosystem incentives, reflect its commitment to long-term sustainability and user adoption.
Strategic Partnerships and Ecosystem Integration
Haedal Protocol has forged strategic partnerships with key Sui-based DeFi platforms, including Cetus, Scallop, Turbos Finance, and Typus, expanding the utility of haSUI and strengthening interoperability within the ecosystem. Its collaboration with Walrus Protocol to support haWAL liquid staking further demonstrates Haedal’s innovative approach to cross-project integration. Backed by prominent investors such as Hashed, OKX Ventures, Animoca Brands, and the Sui Foundation, Haedal is well-positioned to drive DeFi innovation.
Recent Developments
Haedal has garnered significant attention in 2025, particularly following its Token Generation Event (TGE) on April 29, 2025, and listings on major exchanges like Binance, Bithumb, KuCoin, Bybit, and Gate.io. The $HAEDAL token surged over 60% post-Binance listing, reflecting strong market confidence. A HODLer airdrop campaign, rewarding BNB holders and active Sui users with 5% of the token supply, further boosted community engagement. Additionally, Haedal introduced a buyback program to reward veHAEDAL holders, reinforcing its commitment to long-term value creation.
However, the protocol faced challenges, notably a temporary suspension of its haeVault feature in May 2025 due to a $223 million exploit in the Cetus liquidity pool. Haedal promptly reassured users that other on-chain features and funds remained secure, and the team is actively collaborating with Cetus to address the aftermath.
Why Haedal Matters
Haedal Protocol stands out for its flexible staking model, high yields (up to 231% APY), and deep integration with the Sui DeFi ecosystem. By enabling users to earn staking rewards while participating in DeFi, Haedal bridges traditional staking with modern financial opportunities. Its robust security, audited by SolidProof, and cross-chain compatibility with BNB Chain further enhance its appeal to retail and institutional investors alike.
As the Sui ecosystem continues to grow, Haedal Protocol is poised to lead the next wave of liquid staking and DeFi innovation. With a vibrant community, strategic partnerships, and a clear roadmap for growth, Haedal is not just a protocol—it’s a movement redefining decentralized finance on Sui.
