Haedal Protocol, or HAEDAL, explained: A Comprehensive Guide to Sui's Liquid Staking Solution
In the ever-evolving world of blockchain technology, a new player has emerged, promising to bridge the gap between traditional assets and the future of money. Welcome to Haedal Protocol, a community-driven ethos that is making waves in the DeFi space.
Haedal Protocol, launched by Binance as its 19th project under the HODLer Airdrops program, is the brainchild of Ashley, the creator of Haedal Designs. Initially a personal project blending graphic design and fandom involvement since 2020, Haedal has grown into a principal staking protocol on the SUI blockchain.
The future of Haedal Protocol lies in enabling users to earn staking rewards while maintaining their assets' liquidity, a feature that sets it apart in the DeFi landscape. This unique combination has positioned Haedal as a prominent choice among DeFi enthusiasts and investors, thanks to its strong utility and development roadmap.
The Haedal Token ($HAEDAL) serves as the governance and utility token of the Haedal liquid staking protocol. Users can stake their SUI or Walrus tokens on Haedal and receive haSUI tokens in return. These haSUI tokens represent the value of the staked asset and any accrued rewards.
$HAEDAL tokens can be used for various purposes within the SUI ecosystem, including governance participation, yield optimization, integration with Sui DeFi, liquidity, and user-friendliness. The all-time high for the HAEDAL token stands at $0.223374.
Key organizations within the blockchain space, such as OKX Ventures, SUI Foundation, and Hashed, as well as the integration of DeFi protocols like Turbos Finance, Scallop, and Cetus, have positioned Haedal Protocol for sustainable growth within the segment.
Haedal offers several features, including liquid staking, haSUI, HMM (Haedal Market Maker), and the Haedal Token ($HAEDAL). The listing of $HAEDAL on Binance occurred on May 21, 15:00 UTC, with supported trading pairs including USDT, USDC, BNB, FDUSD, and TRY.
In addition to Haedal, Ashley also introduced HaToken (HATOK), a digital asset operating within the Binance Smart Chain (BSC), serving numerous purposes, including investing, trading, and access to services offered by the HATOKEN platform.
With the highest TVL within the liquid staking space in the SUI blockchain, Haedal Protocol has gained popularity among stakers and DeFi users. As we move forward, it will be interesting to see how Haedal continues to shape the future of money on the SUI blockchain.
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