Haedal: A Liquid Staking Protocol in the Sui Ecosystem with Innovation and Potential

The liquid staking market of the Sui network is still in its early development stage, with a total value of approximately $307.48 million staked in SUI, of which only 2% is liquid. In contrast, of the total staked SOL valued at $4.29 billion on the Solana network, 10.1% is liquid, and of the total staked ETH valued at $10.25 billion on the Ethereum network, 30.5% is liquid. Against this backdrop, the Haedal staking protocol, with a TVL of $120 million, is expected to become a leader in liquid staking within the Sui ecosystem.

One of the main challenges facing Sui's liquid staking derivative market is its low staking annualized yield, approximately 2.5%, while Solana's APY is 7-8% and Ethereum's is 3-4%. To address this issue, Haedal has significantly improved the staking performance of the Sui network by adopting a dynamic validator selection mechanism and the innovative Hae3 framework, outperforming other LSD protocols.

Haedal's innovation lies in its dynamic validator selection mechanism. This mechanism selects the nodes with the highest APR during staking by monitoring the status of all network validator nodes, while prioritizing the withdrawal of funds from validator nodes with lower APR when unstaking. This strategy ensures that liquid staking tokens maintain a high annualized yield.

The Hae3 framework consists of three main components: HMM, HaeVault, and HaeDAO. Among them, HMM (Haedal Market Maker) optimizes the liquidity of various DEXs on the Sui blockchain by combining oracle pricing and real-time market data, and charges a transaction fee of 0.04%. Data shows that from February to March, the trading volume increased from $59.13 million to $284.15 million, generating $236,000 in fees. After using 50% of the revenue for incentives, the annualized return of haSUI increased from 2.58% to 3.21%, an improvement of 24.4%.

HaeVault simplifies the liquidity provision process for users, allowing them to easily deposit funds and obtain higher returns. Taking the SUI-USDC trading pair as an example, a certain platform offers an annualized yield of 250.8%, while HaeVault achieves an annualized yield of 1117%. After deducting a 16% fee, the net yield still reaches an impressive 938%.

Hae3 is deeply integrated into the Sui DeFi ecosystem (with a TVL exceeding $1 billion). The HMM protocol captures DEX transaction fee revenue, while the Haedal treasury optimizes returns for liquidity providers, and HaeDAO grants governance decision-making power. This synergy gives Haedal an advantage over other protocols that focus solely on basic stake and lending operations.

The application of HAEDAL tokens further enhances their value. Users can lock them as veToken to participate in HaeDAO governance, or use them to increase the annual yield of the treasury. In addition, potential airdrop opportunities also add extra appeal.

Haedal's core metrics are performing strongly: TVL reached 117.36 million USD, daily active wallets exceeded 44,000, and the number of holders reached 794,000. In terms of trading volume, annualized yield, and the scale of holders, Haedal is currently leading.

The support from several well-known investment institutions further highlights the development potential of Haedal. With the continuous expansion of the Sui ecosystem, Haedal is expected to take a leading position in the liquid staking field with its innovative products and solid fundamentals in high-growth markets.