Friends, we constantly encounter new projects in the crypto world.

One of these projects is the #Haedal Protocol! Here are 3 points you need to understand without getting confused and that you should be familiar with liquid staking platforms; the names may vary, but the purposes are the same.

1- What is a Protocol?

2- What is it for?

3- Why is it important?

This protocol developed on the #Sui blockchain presents a remarkable innovation in the liquid staking field.

What is #Haedal Protocol?

It is a liquid staking platform that allows users to stake their SUI tokens. After the staking process, users receive a liquid staking token called haSUI. This token allows users to actively use their staked assets in the #DeFi ecosystem without locking them.

What is the haSUI Token used for?

haSUI functions as a representative of the staked SUI tokens. Users can use their haSUI tokens in various DeFi platforms for providing liquidity, lending, and other operations.

The value of haSUI may increase over time, allowing users to earn additional returns.

Why is HMM important?

The Haedal Protocol uses its own automated market maker (AMM) model to optimize liquidity. This model offers more efficient trading opportunities for haSUI and other assets and can increase returns for haSUI holders.

In summary, friends, the Haedal Protocol is not just a staking platform; it is also on its way to becoming the liquidity bridge of the #Sui ecosystem. Following the project can help you better understand future Sui-based #DeFi movements.

As always, remember to DYOR 🔍!