Haedal Protocol is a liquid staking platform built on the Sui blockchain, designed to enhance capital efficiency and user participation in DeFi. It allows users to stake their SUI tokens and receive haSUI, a liquid staking token that increases staking rewards over time. This approach enables users to maintain liquidity and engage in various DeFi activities while their assets remain staked. 

Luke Shi and Cedrick Vajarachitkul co-founded Haedal Protocol.

• HAEDAL token: The native token, HAEDAL, serves both utility and governance functions. Holders can lock their tokens into veHAEDAL to gain voting power within HaeDAO, thereby influencing decisions such as protocol upgrades.

• Integration with Sui: The protocol integrates with various DeFi platforms within the Sui ecosystem, enabling users to utilize haSUI and haWAL tokens for activities such as liquidity provision, borrowing, lending, and yield farming. 

• Liquid staking with haSUI: Haedal allows users to stake SUI and receive haSUI, a token that earns rewards and remains usable. haSUI can be used in DeFi apps while still earning from staking.

• User-friendly interface: Haedal offers an accessible platform, making it easy for both new and experienced users to participate in staking and DeFi activities seamlessly.

Haedal Protocol shows potential in the growing liquid staking sector, especially within the Sui ecosystem. Its integration of staking, DeFi, and community governance aligns well with current Web3 trends. While still relatively new, its utility, innovation, and relevance in the liquid staking space position HAEDAL as a promising project to keep track of, particularly if adoption within the Sui network continues to rise. HAEDAL ranks #712 in the overall crypto ranking, with a market cap of $30.55M, as of 29 May 2025.

You can buy HAEDAL from crypto platforms like CoinSwitch.

• HAEDAL can be bought and traded on crypto platforms like CoinSwitch. 

• It can be used to pay conversion fees and access DeFi features and services within the Haedal ecosystem.

• Users can earn staking rewards by locking HAEDAL into veHAEDAL.

• Token holders can participate in governance and contribute to decision-making.

• Users can earn staking rewards while retaining the flexibility to use their staked tokens across various DeFi applications.

• Compatibility with the Sui blockchain’s DeFi ecosystem allows seamless lending, borrowing, and yield farming.

• Users can boost their staking rewards by participating in governance.

• HAEDAL is subject to market volatility like all other cryptos.

• As with all DeFi platforms, there’s a risk of vulnerabilities in the protocol’s smart contracts.

• Haedal Protocol’s success relies heavily on the growth of the Sui blockchain and its DeFi ecosystem.

• Start investing in HAEDAL with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for users.

• Easily manage your transactions and portfolio on the app.

Haedal Protocol (HAEDAL) conducted its Initial Coin Offering (ICO) in early 2025. The seed round successfully raised $2.5 million, selling 15% of the total token supply to investors such as Hashed, OKX Ventures, and Animoca Brands. Following this, Haedal launched a public token distribution through a Launchpool event on Bybit, offering 6.5 million HAEDAL tokens. Additionally, Binance featured Haedal in its HODLer Airdrops program, distributing 30 million HAEDAL tokens to eligible BNB holders.