Haedal Protocol

Haedal Protocol is a liquid-staking and yield protocol built on the Sui blockchain. It lets users stake SUI and WAL, and issues liquid-staking tokens called haTokens; its products also include automated vaults and other on-chain yield strategies.^[1]​^[2]​

概述

Haedal Protocol has both Liquidity and Mechanism Markets. Users who stake SUI through Haedal receive haSUI, a liquid-staking token that can be used in other decentralized finance activities. Haedal’s documentation says SUI staking contributes to Sui’s governance and decentralization, while the liquid token lets users keep participating in other on-chain activities with their staked position.^[2] The protocol also offers staking for WAL and describes its broader aim as improving capital efficiency through liquid staking and algorithmic yield strategies.^[1]​^[2]​

Haedal describes automated vaults as a way to seek additional yield alongside staking. Its documentation also describes “wingman” products, including Haedal Market Maker, as intended to generate on-chain yields for Haedal and its liquid-staking-token ecosystem.^[1]​^[2] The protocol’s site lists a WAL-USDC vault.^[1]​

Products and Integrations

Haedal expanded its products beyond liquid staking into liquidity and lending strategies. On December 29, 2025, it introduced Haedal Liquidity, evolving its former haeVault product into a liquidity product for strategies on Sui decentralized exchanges.^[3] Haedal also introduced Haedal PropAMM, a proprietary automated market-maker algorithm described as seeking to capture on-chain volatility for strategy-driven liquidity.^[3] A Haedal Lending Vault, introduced on September 22, was presented as a way to earn across Sui lending markets.^[3]​

On November 5, Haedal announced support for Scallop Wallet, allowing users to access Haedal products through the wallet, including SUI staking and deposits into lending vaults.^[4] The announcement also referred to liquid staking, vaults, and other yield products.^[4]​

Development and Ecosystem

Haedal’s public GitHub organization includes repositories for a public market-maker contract, wallet and protocol interfaces, DeFiLlama adapters, and an audit report.^[5] Its documentation frames the protocol as a combination of native liquid staking and yield strategies designed to make those opportunities accessible to users.^[2]​

代币经济学

Haedal Protocol's native governance token, $HAEDAL, has a total supply of 1 billion tokens and operates on the Sui blockchain. Its token allocation is divided into four categories:

Allocation

• Ecosystem Incentives: 55%
• Liquidity Fund: 10%
• Investors: 15%
• Team and Advisors: 20%

Investor allocations are subject to a six-month lock followed by 12 months of linear vesting, while team and advisor tokens have a 12-month lock followed by 24 months of linear vesting.

The protocol also uses veHAEDAL, a staking and governance mechanism obtained by locking HAEDAL tokens for periods ranging from one to 52 weeks. veHAEDAL holders can receive weekly staking rewards, increased farming incentives, and voting rights in Haedal DAO governance. The amount of veHAEDAL received depends on the lockup duration, with a maximum conversion ratio of 1:1 for a 52-week lock. Its balance decreases linearly throughout the locking period and reaches zero upon expiration, allowing users to withdraw their original HAEDAL tokens. ^{[7] [6]}