Haedal is a liquid staking protocol built on the Sui blockchain, allowing anyone to deposit their SUI tokens to contribute to the security and governance of the network while maintaining the liquidity of their assets.
1. Liquid staking mechanism
- Users stake their SUI via the Haedal smart contract
- In exchange, they receive haSUI, a derivative token with increasing value that represents each user's share in the Sui staking pool
- Validation rewards automatically accumulate in the haSUI / SUI conversion value, with no need to claim manually
2. Contribution to the Sui ecosystem
- Haedal selects and allocates the stake across multiple Sui validators, enhancing decentralization and security of the network
- The haSUI token retains all the native utilities of SUI and can be used in Sui's DeFi applications (DEX, lending, NFT...)
- The Haedal Market Maker (HMM), a native AMM on Sui, offers liquid pools for haSUI and optimizes the yield for liquidity providers
3. Added value for Sui
- Increase in the total amount of staked SUI, solidifying the robustness of Sui's PoS consensus
- Encouraging users to actively participate in governance and adoption of the ecosystem
- Multiplication of DeFi use cases thanks to the perpetual liquidity provided by haSUI
In summary, Haedal and Sui are intrinsically linked: Sui provides the blockchain layer and the native token (SUI), while Haedal offers a liquid staking and DeFi infrastructure that maximizes capital efficiency and strengthens the resilience of the Sui network.