Previously, I followed Teacher Ruki and purchased quite a few $HAEDAL , and I have also enjoyed a small wave of dividends in the short term. This protocol, as one of the most complete projects for liquid staking structures on SUI, has an overall design that leans towards conservatism but is logically clear, suitable for medium to long-term observation and phased participation.

In the @HaedalProtocol protocol, governance rights are not directly attached to the token HAEDAL but are realized through veHAEDAL. Users must lock HAEDAL for a certain period to obtain governance tokens; the longer the locking period, the higher the corresponding weight.

Behind this mechanism is the time preference theory in economics. Different users have varying degrees of importance placed on future returns, and locking is a form of delayed gratification. Users willing to sacrifice short-term liquidity in exchange for long-term governance rights essentially demonstrate a lower discount rate and are more inclined to accompany the project's development over the long term.

The design of veHAEDAL ties governance rights to time rather than solely to funds. The direct result of this is to concentrate governance rights in the hands of users who are more patient and stable, reducing the risk of the system being disturbed by short-term behaviors.

At the same time, the locking behavior also constitutes a signal in the market: users are willing to bear opportunity costs, indicating their trust in the project's future. This mechanism serves as both a selection and an incentive, helping the protocol build a long-term effective governance structure.

For @binance users, Haedal's positioning in the Sui ecosystem also creates opportunities for asset flow between platforms.

In particular, BNB holders, while participating in early liquid staking or governance locking, can utilize their liquidity advantages on Binance to allocate positions more flexibly.

As the protocol develops, if future incentives or liquidity bridging mechanisms are further opened, $BNB users are expected to achieve returns exceeding the average level of the main chain in the Sui ecosystem through participation in veHAEDAL locking and cross-chain asset allocation.