In recent weeks, a new Haedal Protocol project has appeared at Binance. In the first place, users could get acquainted with him as part of the Binance Alpha service, which introduces users to new solutions, then Airdrop was carried out, and on May 21 token Haedal went to regular trading. The project has aspirations to revolutionize staking and should particularly interest those who invest and operate in the SUI ecosystem. In this article we will look at its foundations.
Haedal Protocol – How does it work?
Haedal Protocol is a staking platform with a native Haedal token, based on Blockchain Sui. It allows users to Stake SUI tokens and receive Hasui tokens in return. The latter give access to calculated interest and can be used in the DEFI Blockchain Sui ecosystem in a broader way. In practice, it allows users to earn staking prizes, but without having to fully block tokens. This is a small revolution. However, it sounds complicated? I am already explaining what’s going on.
In the traditional staking model, you must block your tokens for a certain time – they cannot be a trading object on the market. So it resembles a deposit in a bank – you block money on the account and you are rewarded with interest for it. It’s just that you can’t invest these funds at this time, e.g. on the stock market or cryptocurrencies. Haedal is somehow celebrating these restrictions: it emits his Hasui tokens, which are a reflection of the stakeed SUI tokens. They are used as a substitute.
The main goal is to raise the level of APR (annual return rate) for LST tokens to a competitive level, while creating significant profit capabilities for ecosystem users.
The first step is to create an intelligent staking mechanism. By monitoring and delegating Sui tokens to the best -copeing validators in the main network and the priority withdrawal of Sui tokens from less operating validators, Haedal obtains the highest native rates of reimbursement from Liquidity Staking for all those in the entire ecosystem.
The second step is to create a set of derived products called HAE3. The main idea is to extract values from the transaction flow throughout the entire Sui network and direct it back to the Haedal ecosystem. In this way, it is possible to get profits from transaction fees, without harming users’ interests. It is also more in line with the expectations of the community and the way the system works.
In practice, this process looks like this:
- Users pay their Sui tokens to the intelligent Haedal contract,
- Then they receive Hasui tokens, which are something in the form of a “recall” of SUI,
- Hasui can be used at a time when we stake sui, in various projects based on Blockchain Sui and this way to generate additional profits for us (e.g. you can use them in loan reports, etc.),
- Sui generate staking prizes,
- Users can change Hasui into Sui at any time, which is the biggest advantage of the project.
The whole system complements Haedal – Haedal Protocol utility token, which provides holders with the right to manage project.
Haedal token – let’s look at the market market
The Haedal supply is 1,000,000,000 tokens. The SUI liquid stacking market itself is just starting – the total value of the stapled Sui is currently around 307.48 million USD. However, there are many indications that this is the beginning of the revolution in the area of staking. And the matter is interesting because we are talking about one of the most dynamically developing ecosystems of this bull market, whose native token enjoys great interest of investors.
1 Haedal today costs around 0.1511 USD.
Detailed information about Haedal
- Name token: Haedal Protocol (Haedal),
- supply: 1 billion haedal,
- Awards in Airdrops for Hodlerów: 30 million HAEDAL (3% supply max.
- Smart Contract/Network: BNB Smart Chain (0x3D9BE0AC1001CD81C32464276D863D2FFDCA4967), Sui (0x3A304C7FEBA2D819EA57C3542D68439CA2C386BA02159C740F7B406E592C62EA :: Haedal :: Haedal).
We encourage you to familiarize yourself with the project and Dyor (Do Your Own Research). To facilitate this task, we provide the most important links of the project:
Official website: https://www.haedal.xyz/
Twitter (x): https://x.com/haedalprotocol
Discord: https://discord.com/invite/haedalprotocol
Medium: https://medium.com/@haedal
WhitePaper: https://haedal-protocol.gitbook.io/haedal-protocol-docs
Summary
Haedal Protocol is certainly interesting and useful solutions, although time will show how much they will be in practice. Sui – an ecosystem on which this project is developed is one of the leading designs of this bull market, so it is possible that the Haedal platform will be a good complement. Especially since Liquidity Staking is an increasingly popular solution among conscious web3 users, who instead of keeping the funds in the wallet idly, prefer to harness them to work. And earn on interest, with a refund often many times higher than on bank deposits. Now they have the opportunity to use it without blocking their funds, which seems to be an ideal scenario for Hodler. However, we encourage research, our own tests and independent evaluation. If you decide that this is a project that you would like to add to your portfolio, you will find it on the Binance Stock Exchange.
