Haedal

Organization Name – Haedal

Category – Banking & DeFi

About

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Haedal Protocol is a liquid staking platform built on the Sui ecosystem. At its core the protocol enables holders of SUI (and WAL) tokens to stake these assets to validators without locking up liquidi…ty. Rather than locking assets in a staking contract, users receive liquid tokens—such as haSUI or haWAL—which track the staked assets and accrue staking yield automatically. These liquid staking tokens increase in value over time as staking rewards accumulate, enabling users to participate in DeFi opportunities—such as liquidity pools, lending, farming and yield aggregation—without sacrificing liquidity or earning potential. Under the hood Haedal employs a validator management mechanism that dynamically allocates staked assets among validators based on performance metrics, commission rates and reliability, ensuring optimal network participation and yield. The project also introduces additional products such as Haedal Market Maker (HMM), which provides automated concentrated liquidity and oracle‑based rebalancing to enhance capital efficiency and mitigate market‑maker risks, and haeVault, a vault system offering automated liquidity management with professional strategy simulation to boost yield. A governance system based on a locked governance token called veHAEDAL allows token holders to participate in decision‑making and to enhance farming rewards; veHAEDAL balances decay linearly based on lock duration. The protocol further incorporates a weekly buyback mechanism whereby a portion of protocol yields is used to repurchase HAEDAL tokens and distribute them to veHAEDAL holders, aligning incentives and supporting token value. Haedal was founded by a team including Luke Shi and other experienced developers and staking experts. The project initiated development in 2023 before Sui mainnet public launch, with documentation, validator logic and staking model published in late 2023 and early 2024. Haedal secured a seed funding round in January 2025 with major investors such as Hashed, OKX Ventures, Animoca Ventures, Sui Foundation, Flow Traders, Comma3 Ventures, Dewhales Capital, Cetus and Scallop. That funding supported expansion of liquid staking infrastructure, ecosystem integrations and product development. The protocol quickly achieved significant traction in the Sui ecosystem, growing to become the leading liquid staking solution with nearly $200 million in total value locked by mid‑2025. Haedal’s token HAEDAL debuted with a listing on Binance Alpha on April 29, 2025, enabling early access trading and immediate airdrop rewards to qualified users through Binance’s Alpha Points system. Shortly thereafter, on May 21, 2025, the token was listed on Binance main platform with pairs including USDT, USDC, BNB, FDUSD and TRY; deposits opened roughly two hours prior and trading began at 15:00 UTC. The airdrop event distributed 30 million HAEDAL tokens, representing about 3 % of the maximum supply, to users who had participated in Binance’s HODLer airdrop campaign during May 10–13, 2025. Users who had staked BNB in Simple Earn or On‑Chain Yields were eligible. The protocol’s haSUI token has seen broad integration across Sui DeFi platforms, enabling staking, liquidity provision, lending, borrowing and farming strategies. Customized yield strategies and gamified vault products have further engaged users. Haedal’s team emphasized ease of use, one‑click staking, audited contracts and transparent operations—security audits were performed by firms such as Movebit and Ottersec. Its combination of liquidity retention, yield enhancement and governance participation made it a standout in the Sui ecosystem. With tokenomics allocating 45 % of supply to community rewards, 20 % to team and advisors, 15 % to ecosystem development and 20 % to liquidity and staking incentives, the project positioned itself for long‑term sustainability. The protocol continues to launch new features, partnerships, staking strategies and governance enhancements to maintain its competitive edge. Overall Haedal Protocol represents a mature, integrated yield platform for SUI and WAL holders seeking liquidity while earning staking yield and participating actively in DeFi governance. Read More