Question 1

What is HAEDAL?

Accepted Answer

HAEDAL is the governance token of Haedal Protocol. Haedal is a liquid staking protocol built on Sui: users who stake SUI receive haSUI, which can be used in DeFi while retaining a liquid staking position; HAEDAL, meanwhile, is used for protocol governance and post-locking incentive mechanisms. The two are not the same asset.

Question 2

What is HAEDAL used for?

Accepted Answer

HAEDAL's core use is to be locked into veHAEDAL. After locking, veHAEDAL can be used to participate in Haedal DAO proposals and voting, and increases returns in Haedal's farm modules based on the veHAEDAL balance held; the official documentation also lists ongoing weekly rewards as one of the benefits of locking. Simply holding unlocked HAEDAL differs from obtaining veHAEDAL and its associated governance or boost eligibility.

Question 3

How do I obtain veHAEDAL, and what happens after locking?

Accepted Answer

Users can lock HAEDAL for 1 to 52 weeks to receive veHAEDAL. At a 52-week lock, the initial ratio is 1 HAEDAL for 1 veHAEDAL; shorter terms are calculated proportionally to their duration relative to 52 weeks, so a shorter lock period results in less initial veHAEDAL. The original HAEDAL cannot be withdrawn from that locked position before the lock period ends. veHAEDAL does not remain constant; it decays linearly toward the expiry date: veHAEDAL(t)=initial veHAEDAL×(T−t)/T, where T is the selected total lock duration and t is the elapsed duration. At expiry, t=T and veHAEDAL becomes 0; users can unlock and withdraw their originally locked HAEDAL. This means governance weight and reward boosts decline over time rather than dropping to zero all at once on the expiry date.

Question 4

How are HAEDAL's supply and allocation structured?

Accepted Answer

HAEDAL has a total supply of 1 billion tokens. Its allocation is 55% for ecosystem incentives, 10% for the liquidity fund, 15% for investors, and 20% for the team and advisors. Ecosystem incentives are intended to drive adoption of Haedal and its liquid staking tokens in the Sui ecosystem, including user rewards and partnerships; the liquidity fund supports initial and ongoing liquidity. Allocation percentages describe intended uses and do not mean all corresponding tokens are already in circulation.

Question 5

What is the difference between HAEDAL, haSUI, and veHAEDAL?

Accepted Answer

HAEDAL, haSUI, and veHAEDAL correspond to three distinct parts of the system. Users who stake SUI with Haedal receive haSUI, a liquid staking token that can continue to be used in DeFi; HAEDAL is the protocol governance token; users obtain veHAEDAL only by locking HAEDAL, and it decreases over the lock period. Therefore, haSUI is not a wrapped version of HAEDAL, and veHAEDAL is not an independent underlying asset interchangeable with HAEDAL, but a governance and incentive credential generated by a locked position.

Question 6

Which HAEDAL allocations have lockup and release schedules?

Accepted Answer

The investor allocation accounts for 15% of total supply, with a 6-month lockup followed by linear vesting over 12 months; the team and advisor allocation accounts for 20%, with a 12-month lockup followed by linear vesting over 24 months. Linear vesting means that, after the lockup ends, the unvested portion is released gradually over the vesting period rather than all at once at its end. Therefore, these arrangements affect the timing at which their respective allocated portions become available; they do not change HAEDAL's total supply of 1 billion tokens. They also cannot independently establish the actual circulating supply at any given point, because circulation also depends on distributions from other categories and on-chain holding status.

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