Sui Ecosystem Liquid Staking New Star Haedal: Innovative Products and Strong Data Leading the Industry

The liquid staking market of the Sui network is still in its early stages of development, with the total value of staked SUI currently around $307.48 million, of which only 2% is liquid. In contrast, the liquidity staking penetration rates of the Solana and Ethereum networks have reached 10.1% and 30.5%, respectively. Against this backdrop, the Haedal staking protocol, with a TVL of $120 million, is expected to become the leader in liquid staking within the Sui ecosystem.

One of the main challenges facing the Sui network is its low staking annual yield, which is about 2.5%, while the yields for Solana and Ethereum are 7-8% and 3-4%, respectively. To address this issue, Haedal has launched the innovative Hae3 framework, which includes three core components: HMM, HaeVault, and HaeDAO, significantly enhancing the staking performance of the Sui network.

Haedal adopts a dynamic validator selection mechanism that monitors the status of network nodes in real-time, selecting nodes with the highest APR during staking, and prioritizing the withdrawal of funds from nodes with lower APR when canceling the stake. This strategy effectively ensures a high annualized yield for liquid staking tokens.

HMM (Haedal Market Maker) has optimized liquidity across various trading platforms on the Sui blockchain by combining oracle pricing with 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. After allocating 50% of the revenue for incentives, the annualized yield of haSUI rose from 2.58% to 3.21%, an increase of 24.4%.

Haedal will go live on January 6, 2025, with a current daily trading volume of 5.69 million USD, accounting for 6.12% of the trading volume of the largest trading platform in the Sui ecosystem. By adopting an oracle pricing mechanism, HMM is expected to achieve rapid revenue growth by capturing arbitrage trading volume.

Haedal Vault simplifies the liquidity provision process for users, allowing them to easily deposit funds and earn higher returns. For example, with the SUI-USDC trading pair, HaeVault achieved an annualized return of 1117%, and after deducting a 16% fee, the net return still reached 938%, far exceeding other platforms.

The Hae3 framework is deeply integrated into the Sui DeFi ecosystem, where the HMM protocol captures transaction fee revenue, the Haedal treasury optimizes the returns for liquidity providers, and HaeDAO grants users governance decision-making power. This synergy makes Haedal a superior yield optimizer.

HAEDAL tokens can be locked as veTokens to participate in HaeDAO governance, or used to enhance the annual yield of the treasury. Additionally, potential airdrop opportunities also add extra benefits.

Haedal’s core metrics are performing strongly: TVL reaches $117.36 million, daily active wallets exceed 44,000, and the number of holders stands at 794,000. Currently, Haedal is temporarily leading in three key metrics: trading volume, annualized yield, and the number of holders.

The support from several well-known investment institutions further highlights Haedal’s development potential. With a high-growth market, innovative products, and solid fundamentals, Haedal is in a favorable position in the liquid staking space of the Sui ecosystem and is expected to become an industry leader. As the Sui ecosystem continues to expand, the prospects for the Haedal protocol in the liquid staking market are worth looking forward to.