The Sui ecosystem liquid staking protocol Haedal is about to conduct a token generation event

The liquid staking protocol Haedal in the Sui ecosystem will hold a token generation event on April 29, (TGE), during which users can claim airdrops. Haedal Protocol is regarded as a potential project in the liquid staking field within the Sui ecosystem. With the development of the Sui staking market, Haedal, with its innovative products and strong data performance, is expected to become an important investment target in the DeFi space.

Here are several key points of Haedal worth noting (data as of April 15):

1. The liquid staking market potential of the Sui network is enormous. Currently, the total value of SUI staked on the Sui network is approximately $307.48 million, of which only 2% is liquid. In comparison, 10.1% of the staked SOL on the Solana network is liquid, and 30.5% of the staked ETH on the Ethereum network is liquid. The Haedal protocol currently has a total locked value of $120 million (TVL) and is expected to become the leader in liquid staking within the Sui ecosystem.

2. Haedal enhances staking yield through innovative mechanisms. The annualized staking yield of the Sui network is relatively low, around 2.5%. Haedal employs a dynamic validator selection mechanism and the Hae3 framework (which includes HMM, HaeVault, and HaeDAO), significantly improving staking performance. For example, by optimizing validator node selection, Haedal can continuously ensure that liquid staking Tokens maintain a high annualized yield.

3. HMM (Haedal Market Maker) optimizes liquidity and generates additional revenue. HMM optimizes the liquidity of various decentralized exchanges on the Sui blockchain (DEX) by combining oracle pricing and real-time market data. From February to March, its trading volume increased from $59.13 million to $284.15 million, generating $236,000 in fees. 50% of this revenue is used to enhance the annual yield of haSUI, increasing it from 2.58% to 3.21%.

4. HaeVault simplifies liquidity provision and increases returns. HaeVault has streamlined the liquidity provision process for users, allowing them to easily deposit funds and achieve higher returns. Taking the SUI-USDC trading pair as an example, HaeVault has achieved a net annualized return of 938%, far exceeding other platforms.

5. Hae3 deeply integrates with the Sui DeFi ecosystem. The Hae3 framework includes three components: HMM, HaeVault, and HaeDAO, which are responsible for capturing DEX fees, optimizing liquidity provider returns, and granting governance decision-making power, respectively. This deep integration gives Haedal a unique advantage in the Sui ecosystem.

6. HAEDAL Token has multiple application values. Users can lock HAEDAL Token as veToken to participate in HaeDAO governance or use it to enhance the annual yield of the treasury. In addition, potential airdrop opportunities also add extra appeal.

7. Core indicators are performing strongly. Haedal's TVL has reached $117.36 million, with over 44,000 daily active wallets and 794,000 holders. In terms of trading volume, annualized yield, and the number of holders, Haedal is currently in a leading position.

8. Gaining support from well-known investment institutions. Several well-known venture capital firms have expressed support for Haedal, further proving its potential.

In summary, Haedal is expected to occupy an important position in the liquid staking field of the Sui ecosystem, thanks to its advantageous position in high-growth markets, innovative products, and solid fundamentals. As the Sui ecosystem continues to develop, Haedal is likely to become a leader in this field.