The New Star of Sui Ecosystem Liquid Staking Haedal: Innovative Products and Strong Data Leading the DeFi Investment Trend

The liquid staking market of the Sui network is still in its early stages of development, with a total staked value of approximately $307.48 million, of which only 2% is liquid. In contrast, the liquid staking ratios for the Solana and Ethereum networks are 10.1% and 30.5%, respectively. With the continuous development of the Sui ecosystem, the Haedal staking protocol, which currently has a TVL of $120 million, is expected to become a leader in liquid staking within this ecosystem.

One of the main challenges faced by the Sui network is its low annual staking yield of about 2.5%, compared to yields of 7-8% for Solana and 3-4% for Ethereum. To address this issue, Haedal has adopted a dynamic validator selection mechanism and an innovative Hae3 framework, which includes three major components: HMM, HaeVault, and HaeDAO, significantly enhancing the staking performance of the Sui network, outperforming other LSD protocols.

Haedal selects the nodes with the highest APR for staking by monitoring the status of all network validation nodes in real-time, while prioritizing withdrawals from nodes with lower APR when unstaking. This strategy ensures that liquid staking tokens maintain a high annualized yield.

HMM (Haedal Market Maker) optimizes the liquidity of various decentralized exchanges on the Sui blockchain by combining oracle pricing and real-time market data, collecting a 0.04% trading fee from it. From February to March, the 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 increased from 2.58% to 3.21%, a rise of 24.4%.

Haedal will go live on January 6, 2025, with a current daily trading volume of 5.69 million USD, which is equivalent to 6.12% of the daily trading volume of the largest DEX in the Sui ecosystem, Cetus Protocol. 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 obtain higher returns. Taking the SUI-USDC trading pair as an example, HaeVault has achieved an annualized return of 1117%, and after deducting a fee of 16%, the net return rate is still as high as 938%.

Hae3 is deeply integrated into the Sui DeFi ecosystem (with a TVL exceeding $1 billion). Among them, the HMM protocol captures DEX transaction fee revenue, the Haedal treasury optimizes returns for liquidity providers, and HaeDAO grants governance decision-making rights. This synergy makes Haedal a superior yield optimizer compared to other protocols that focus solely on basic stake and lending activities.

The application scenarios of the HAEDAL token further enhance its value. Users can lock it as veToken to participate in HaeDAO governance or use it to increase the annual yield of the treasury. In addition, potential airdrop opportunities also add extra appeal to it.

Haedal's core metrics are performing strongly: TVL reaches $117.36 million, daily active wallets exceed 44,000, and the number of holders reaches 794,000. In terms of trading volume, annualized return rate, and number of holders, Haedal is currently in a leading position.

The support of several well-known venture capital institutions further highlights Haedal's potential. With a high-growth market (LSD penetration rate is only 2%, with a 10-fold upside potential), innovative products, and solid fundamentals, Haedal is in a favorable position in the liquid staking space within the Sui ecosystem and is expected to become an industry leader.