Haedal Protocol: The Innovator of Liquid Staking in the Sui Ecosystem
Binance Alpha announced that it will list the Sui ecosystem’s liquid staking protocol Haedal Protocol (HAEDAL) on April 29, 2025. This event marks a further expansion of the liquid staking sector within Layer 1 blockchain ecosystems, offering ordinary users lower-threshold staking returns and DeFi participation opportunities. This article will explore Haedal’s technical innovations, token model, and its potential impact on the Sui ecosystem.
Core Functions and Technical Architecture of Haedal Protocol
Haedal Protocol’s core goal is to address the pain points of “liquidity lock-up” and “single source of returns” in traditional staking. Users can stake Sui tokens (SUI) to receive liquid staking tokens haSUI, which can then be freely traded or used in other DeFi protocols such as lending or liquidity mining, achieving dual returns through “staking + yield stacking.”
Technically, Haedal stands out with its dynamic validator selection mechanism. The protocol uses algorithms to real-time screen validator nodes on the Sui network that have the lowest commission rates (0%-2%) and the highest annualized returns, automatically allocating staked SUI to the optimal nodes. According to official data, haSUI’s annualized return can reach 3.5%, far exceeding similar protocols. Moreover, Haedal recently introduced the HMM (Haedal Market Maker) algorithm, which integrates an oracle pricing model to further optimize haSUI’s trading slippage on DEXs, providing stakers with an additional 0.92% yield.
Tokenomics and Market Performance
The HAEDAL token serves as the core tool for protocol governance and revenue distribution. In its allocation mechanism, 50% of the tokens are directly used to enhance haSUI staking returns, 10% are allocated to the development team, and the remaining 40% are deposited into the treasury to support long-term ecosystem development. Holders can also lock HAEDAL to obtain veHAEDAL, allowing them to participate in protocol treasury management and yield strategy adjustments.
Currently, Haedal’s TVL has exceeded $188 million, with the haSUI liquidity pool surpassing $150 million, making it the largest liquid staking asset within the Sui ecosystem. This rapid growth is attributed both to Sui network’s high performance (processing tens of thousands of transactions per second) and Haedal’s partnerships with leading DEXs such as Cetus and Turbos, positioning haSUI as a core underlying asset in mainstream trading pairs.
For users interested in the Sui ecosystem, liquid staking could be a more efficient entryway. You can further explore the basics of on-chain staking via JuCoin.
Impact of Listing on Binance Alpha and Future Prospects
The Binance Alpha listing brings two major advantages for Haedal:
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First, it will attract more exchange users to participate in Sui ecosystem staking, potentially driving a TVL growth of over 30% in the short term;
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Second, it enhances Haedal’s exposure in mainstream markets, especially building trust among institutional investors.
Looking ahead, Haedal plans to launch the HaeDAO governance system in Q2 2025, gradually handing over protocol control to the community. Meanwhile, the beta version of its liquidity management tool, haeVault, is live, allowing users to configure haSUI and other assets into liquidity pools with one click while defending against MEV attacks. If these features are successfully rolled out, Haedal could become the yield aggregation hub of the Sui ecosystem.
However, potential risks remain. For example, fluctuations in Sui network transaction volumes could directly impact staking yields, and the progress of cross-chain expansion also depends on the technical execution of the team.
The Long-Term Value of the Liquid Staking Sector
The rise of Haedal Protocol reflects a broader trend: as Layer 1 blockchain competition intensifies, staking efficiency within ecosystems is becoming a key factor in user attraction. For investors, liquid staking not only lowers the participation threshold but also opens up new yield opportunities through asset composability.
If you wish to explore more DeFi opportunities, you can refer to JuCoin’s liquid staking section for insights into different ecosystems. As projects like Haedal mature, Sui is poised to occupy a more prominent position in the Layer 1 race, and liquid staking may become one of the core narratives of the next market growth phase.
Neason Oliver
