Haedal: Leading Liquid Staking Protocol on Sui
Explore how Haedal transforms staking on Sui with LSTs, HMM, haeVault, and more—boosting yield while keeping your assets liquid.
As DeFi continues to mature, liquid staking protocols are reshaping the way users interact with blockchain ecosystems. At the forefront of this evolution on the Sui Network is Haedal—a groundbreaking platform enabling users to stake their SUI and Walrus tokens while retaining liquidity and unlocking new opportunities across DeFi.
What Is Haedal?
Haedal is the leading liquid staking protocol on the Sui Blockchain, allowing users to earn rewards on their SUI and WAL tokens without sacrificing flexibility. Through Liquid Staking Tokens (LSTs), Haedal empowers users to put staked assets to work across DeFi applications, transforming idle capital into a dynamic source of yield.
Unlike traditional staking, which often locks users' funds, Haedal enables full liquidity while delivering competitive staking rewards and seamless integration with other DeFi protocols.
Key Features That Set Haedal Apart
Haedal’s ecosystem extends well beyond standard staking, featuring a suite of innovative products designed to enhance yield generation and user empowerment:
Haedal Market Maker (HMM)
Haedal’s proprietary oracle-based automated market-making system, HMM, optimizes liquidity and generates trading profits. These profits are redistributed to LST holders, directly boosting the Annual Percentage Rate (APR). With nearly $978 million in trading volume, HMM is currently the third-largest AMM on Sui by daily volume.
haeVault
Bringing professional-grade CEX market-making strategies to DeFi, haeVault allows users to participate in sophisticated liquidity provisioning across decentralized exchanges. With over $7.2 million in Total Value Locked (TVL), haeVault levels the playing field for retail users seeking advanced yield farming strategies.
haeDAO
Governance is central to Haedal’s philosophy. By locking HAEDAL tokens into veHAEDAL, users can participate in protocol governance, earn enhanced staking rewards, and shape the direction of the ecosystem. This community-first model ensures Haedal remains decentralized and user-driven.
Milestones and Achievements
Haedal's progress is marked by rapid growth and significant industry validation:
- September 2023: Haedal launches as the first liquid staking protocol on the Sui mainnet.
- October 2023: Wins top honors at the Sui Liquid Staking Hackathon, affirming its innovation.
- January 2025: Secures seed funding from prominent investors, including Hashed, OKX Ventures, and Sui Foundation.
- April 2025: Successfully holds its Token Generation Event (TGE) and lists HAEDAL on major exchanges such as Binance, Bybit, and Gate.io.
haello otters, $HAEDAL will be listed on @binance! 🔥🔥🔥 https://t.co/cJNZ9b0odc pic.twitter.com/0xMX5UyMh0
— Haedal🦦 (@HaedalProtocol) May 21, 2025
By the Numbers
- Total Value Locked (TVL): $226.9 million
- haSUI, the core product, leads with $208.6 million
- User Accounts: 880,000+
- HMM Trading Volume: $978 million+
- Fees Generated: Over $492,000 returned to users
These figures underscore Haedal’s strong traction and growing dominance in the Sui DeFi landscape.
Looking Ahead
Haedal isn’t just supporting the Sui blockchain—it’s actively shaping its future. Through a combination of cutting-edge liquidity solutions, yield-boosting innovations, and community-centric governance, Haedal is creating a more accessible and profitable DeFi experience for all users.
With strong institutional backing and a clear product roadmap, Haedal is well-positioned to remain the go-to liquid staking protocol on Sui.
Explore the future of staking with Haedal.
Stay liquid. Earn more. Shape the ecosystem.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice.
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