We continue to have a new project launched at Binance Hodler Airdrops through previous transactions at Binance Alpha. It is the 19th project listed through Hodler Airdrop, and this is a project that I find distinctive as it has been a long time since a project from the Sui blockchain has been pushed up, and that is the project Haedal Protocol (HAEDAL), a liquidity staking protocol built on the Sui blockchain.
To better understand the project, what is Haedal Protocol (HAEDAL)? And how to participate in the Binance Hodler Airdrop to receive exclusive tokens by holding BNB on Binance!
What is Haedal Protocol (HAEDAL)?
Haedal Protocol (HAEDAL) is a leading liquidity staking protocol built on the SUI blockchain. Users are allowed to stake SUI tokens to maintain during the hsSUI issuance process to participate in DeFi activities on Sui with high liquidity seeking profit.
haSUI - is a token that represents yield for staked SUI, minted when you stake SUI or WAL through Haedal's staking infrastructure. This project has maximized its capabilities to extract revenue and profit from building Haedal's liquidity staking infrastructure and related DeFi products (like Hae3), providing strong support for the LST (Liquidity Staking Token) ecosystem.
Highlights of the Haedal Protocol project (HEADAL)
Some highlights at the Haedal Protocol and especially the figures at haSUI, which means Headl Staked SUI, invite everyone to take a look at some of the project's highlights:
Haedal is the top project for liquidity staking by TVL in the SUI ecosystem
Ranked 4th among the largest protocols on SUI
Offers the highest original Staking APY in the ecosystem
Total number of accounts over 800,000
haSUI TVL: Reached $208.6 million
Liquidity in DEFI over $171 million
haWAL TVL reached 1.3 million WAL ($880k and liquidity on Dexex reached $1.3 million)
HMM: Total accumulated volume reached $978 million (HMM ~ Haedal market maker)
Total accumulated fees: $492,146.92
haeVault: TVL: $7.2 million
Existing products of HAEDAL
Haedal is gradually building a strong and sustainable liquidity staking infrastructure in the Sui ecosystem. The project is committed to raising the APR of LST to a competitive level while ensuring good profit opportunities for users working in this ecosystem. This is a good signal for investors when staking here.
The first step is to build a smarter staking mechanism. By monitoring and staking Sui for the best-performing validators on the mainnet and prioritizing the withdrawal of Sui from poorly performing validators, Haedal achieves the highest original liquidity staking profits for all stakers throughout the ecosystem.
The second step involves creating a suite of derivative products called Hae3. The core idea of the project is to extract value from the flow of transactions across the Sui network and bring it back to the Haedal ecosystem.
In addition, the trio of Hae3 products: Growth drivers for Haedal LST include:
HMM (Haedal Market Maker): An automated market maker based on Oracle. Its operation accumulates net asset value, maximizes capital efficiency, and manages risk while generating trading profits to subsidize Haedal LST and increase absolute APR. Trading profits are used to offset the APR of Haedal LST, helping to increase yield for stakers.
haeVault - Market-Making Tool for users. This is seen as the "productization" of professional market-making strategies from CEX, integrated with DEX pools on Sui. It operates as a quantitative LP bot to focus on providing liquidity within a narrow price range.
Use technical indicators to optimize trading orders. Open to all users, helping them compete with professional LP teams and enjoy higher APR.
haeDAO - Governance & Profit Distribution Center.The project believes that HMM and haeVault will hold a significant portion of Sui's spot trading fee revenue by the end of 2025. 50% of this profit will be distributed as additional revenue to enhance the APR of Haedal LST, while the remaining profit will be held as liquidity owned by the protocol in the treasury, with its allocation and use determined by haeDAO.
Expect HMM + haeVault to fully develop, contributing up to 40% of total trading fees on Sui. veHAEDAL holders are entitled to vote on how the fund is used, token buybacks, and profit sharing.
The main utilities of the Haedal token
The Haedal token has 3 main utilities, and to access rights and uses, haedal must be locked into veHaedal to utilize rights within haeDAO, including the following utilities:
Haedal Treasury Management: Users can decide the asset allocation of the treasury, distribute liquidity across different product modules or different protocols, reward distribution methods, etc.
Increase profits from haeVault: Users in haeVault can increase their numbers to enjoy higher APR.
Proposals & Voting: Also known as community voting, some important protocol decisions will be made through DAO voting, such as main product direction, fund usage, etc.
Project backers and fundraising rounds of the project
Haedal is supported by leading investors and cryptocurrency organizations including:
Hashed, Comma3 Ventures, OKX Ventures, Animoca Ventures, Sui Foundation, Flow Traders, Dewhales Capital, Cetus, Scallop, and many more.
Strategic partners
Sui Foundation: Support from the ecosystem development fund.
The DEXs on Sui: Integrating haSUI as a liquidity asset (currently with $171.5M liquidity).
Wallet, Aggregator:Collaborate with major DeFi platforms on Sui.
Tokenomics details
Investors ~15.00% total supply
Team & Advisors ~20.00% total supply
Ecosystem Incentives ~55.00% total supply
Binance HODLer Airdrop ~3.00% total supply
Liquidity Fund ~7.00% total supply
Token Release Schedule
Development roadmap
The numbers and information above are evidence of the project's development roadmap. Since 2023, when haSUI was launched until now, HAEDAL has been doing very well, along with optimization strategies, developing based on old versions from HMMv1 or haeVault v1 to develop stronger, combined with AI to soon make Haedal the leading Liquid Staking protocol on Sui, expanding TVL and boosting across the ecosystem. HMM also strives to become top 1-2 in AMM volume on SUI. Overall, the roadmap is relatively good and the timeline for completion is quite positive.
Details about the HAEDAL HODLer Airdrop
Token name: Haedal Protocol (HAEDAL)
Total supply of Genesis tokens: 1,000,000,000 HAEDAL
Maximum token supply: 1,000,000,000 HAEDAL
HODLer Airdrop token rewards: 30,000,000 HAEDAL (3% of total maximum token supply)
Circulating supply at listing on Binance: 195,000,000 HAEDAL (19.5% of total maximum token supply)
What are Binance's HODLer Airdrops?
Binance HODLer Airdrops rewards are exclusive token rewards for BNB holders based on historical snapshots of their BNB balances in Flexible or Locked Simple Earn products. By staking BNB into On-Chain Yields, users will automatically qualify for HODLer Airdrops and Launchpool rewards.
Simple Earn subscribers automatically qualify for token rewards without any additional action required.
Benefits of HODLer Airdrops:
Passive rewards: Earn tokens based on the amount of BNB held in the past without the need for active participation.
Eligible for multiple rewards: Qualify for Launchpool, Megadrop, and HODLer Airdrops simultaneously.
Convenience: Snapshots are taken hourly, ensuring fair distribution.
How to participate in future HODLer Airdrops
Go to the [EARN] section on Binance.
Search for BNB and subscribe to Flexible or Locked Simple Earn products.
Binance will use historical snapshots of user balances to calculate rewards, which will be distributed to eligible Spot Wallets within 24 hours after the airdrop announcement.
Summary
The Haedal Protocol demonstrates that the project is developing in a very positive direction in the staking sector as it meets superior APR, combining profits from trading and staking, placing Haedal LST at the top of Sui. It creates fairness for users as they have the opportunity to earn profits like professional investors, and haeDAO ensures sustainable ecosystem development according to community opinions. This is also what makes the project potentially sustainable in the long term.
However, caution is needed regarding token volatility, especially when the project is newly launched and developing. The value of the token can be greatly influenced by the market and external factors.
For any new project, taking the time to thoroughly research and understand is extremely important. Trading Insight will always provide complete information and knowledge to help you gain a comprehensive view of the market, both in the present and in the future. Don't forget to follow and interact with Trading Insight to stay updated with the latest information!
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