What is #Haedal ?

Haedal (HAEDAL) is a liquid staking protocol on the Sui network that allows users to stake their SUI tokens and receive liquid staking tokens (LST) called haSUI in return. These haSUI tokens can be used in other decentralized finance (DeFi) applications while still earning staking rewards.

Liquid Staking:

Haedal solves the problem of "locked" liquidity. In staking, when you stake a blockchain, your tokens are typically locked up for a certain amount of time. Haedal allows you to receive a liquid token (haSUI) that represents your stake, but you can use it in other DeFi applications without unstaking your SUI tokens.

HAEDAL Token:

HAEDAL is the governance token of the Haedal protocol, which allows holders to participate in development decisions.

Benefits:

Users who stake through Haedal receive staking rewards and can use haSUI to participate in other DeFi protocols.

Binance supports Haedal by listing the HAEDAL token, airdropping, and providing staking through Simple Earn.