Haedal is one of the important cornerstones of the Sui ecosystem: the Liquid Staking Protocol. You have a certain amount of Sui. When you stake it, you receive $haSUI. So it stands for Haedal Stake. $sui
Let’s also mention that this system, namely #Haedal, supports Walrus liquid staking as well.
So where do we use these haSUI?
We can use them in various DeFi protocols and applications such as DEXs, lending protocols, CDP protocols, options trading platforms, etc.
Now let’s look at how long our waiting time is when we take Sui from the staking part. As you know, in some projects, this can take days. We have two options.
Normal unstaking - waiting for 1 epoch period. This takes about 24 hours.
Instant unstaking - no waiting time.
Here is the coin of this protocol $haedal listed by Binance TR, friends. Total supply is 1 billion, but the initial circulation is 195 million, and you can access Haedal from Binance TR.
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