Haedal Protocol (HAEDAL) Price

What Is Haedal (HAEDAL) and How Does It Work?

Haedal (HAEDAL) is the native governance and utility token of Haedal Protocol, a liquid-staking platform built on the Sui blockchain. The protocol lets you deposit SUI into its smart contracts in exchange for haSUI, an ERC-20-style receipt token that remains fully liquid. You can then deploy haSUI across DeFi, DEXs, lending platforms, yield farms, to earn extra returns, all while your underlying SUI is staked to secure and decentralize the Sui network. Behind the scenes, Haedal aggregates user stakes and delegates them to a curated set of Sui validators, automatically collecting network rewards and passing them through to haSUI holders in real time.

Beyond liquid staking, HAEDAL plays a central role in protocol governance and incentive alignment. By locking HAEDAL into veHAEDAL, holders gain voting power over critical decisions, like emission schedules, fee structures, and strategic upgrades, and unlock boosted yield incentives sourced from protocol fees. This ve-model ensures long-term alignment between stakeholders and the protocol’s decentralized roadmap.

When Was Haedal Protocol Launched?

Haedal Protocol was founded in 2023 by a team led by co-founder Luke Shi, with a mission to bring liquid staking to the Sui ecosystem. After months of development and smart-contract audits, the protocol went live on Sui mainnet in September 2023, allowing users to stake SUI and receive haSUI in return. Building on that foundation, Haedal completed a seed funding round on January 3, 2025, backed by Hashed, OKX Ventures, Animoca Brands, the Sui Foundation, and others, to support further protocol development and community growth.

The protocol’s Token Generation Event (TGE) and public listing took place on April 29, 2025, at 15:00 UTC+3, with an initial listing price of $0.14 per HAEDAL token. In the weeks following launch, the team plans to roll out its governance portal, enabling veHAEDAL locking for voting power and yield boosts, and introduce protocol upgrades (v1.1) focused on cross-chain support, validator diversification, and enhanced UI/UX for staking and reward tracking.

What Are the Primary Use Cases of HAEDAL Token?

HAEDAL is the native governance and utility token of Haedal Protocol, built on the Sui blockchain. Here are the primary use cases for the HAEDAL token:

1. Governance & Alignment: By locking HAEDAL into the veHAEDAL contract, holders gain voting power over protocol parameters—like emission schedules, fee rates, and strategic upgrades, ensuring stakeholders steer Haedal’s roadmap.

2. Reward Boosting: veHAEDAL holders receive boosted yield incentives across Haedal’s farm modules, multiplying the returns you earn from staking SUI and other DeFi activities.

3. Revenue & Fee Sharing: A portion of protocol fees (from liquid-staking operations and DeFi integrations) is funneled back to veHAEDAL stakers, turning governance participation into a passive income stream.

4. Ecosystem Incentives & Launchpool Access: HAEDAL is often used in launchpools (e.g., on Bybit) and other community campaigns—staking HAEDAL can net you early‐access rewards and bonus token allocations.

5. Trading on BingX Spot: You can also trade HAEDAL directly on BingX. Just go to Trade → Spot, search for the HAEDAL/USDT pair, select a Market or Limit order, enter your amount, and submit to buy or sell instantly.

What Is Haedal Tokenomics?

The maximum supply is capped at 1,000,000,000 HAEDAL. At the Token Generation Event (TGE), 19.5% of the total supply, approximately 195,000,000 HAEDAL, was unlocked and made available on the market.

$HAEDAL Token Distribution

1. Ecosystem Incentives: 55% (550,000,000 HAEDAL)
2. Liquidity Fund: 10% (100,000,000 HAEDAL)
3. Investors: 15% (150,000,000 HAEDAL)
4. Team & Advisors: 20,% (200,000,000 HAEDAL)

Vesting & Unlock Schedule

1. Investors: 6-month lockup after TGE, then 12-month linear vesting

2. Team & Advisors: 1-year cliff post-TGE, followed by multi-year staggered releases to align long-term incentives

3. Liquidity Fund: Fully unlocked at TGE for initial market support

4. Ecosystem Incentives: Released over the protocol’s incentive schedule to support network growth and staking rewards

5. Airdrop Reserve: ~5 % of total supply reserved for early community participants, fully unlocked at TGE

How to Claim HAEDAL Airdrop

Haedal’s airdrop distributes 5% of the total HAEDAL supply (~50,000,000 HAEDAL) as a thank-you to the Sui ecosystem community. All airdropped tokens are fully unlocked at the Token Generation Event (TGE), maximizing liquidity and utility for recipients.

Eligibility for the HAEDAL airdrop includes core community members, such as moderators, ambassadors, content creators, and other active social supporters, as well as active Haedal product users (top depositors and borrowers on haSUI, haWAL, and haeVault, and DeFi integrators). Community partners from key Sui projects (e.g., Bucket, Cetus, DeepBook, Hippo, Navi, Scallop, Walrus) and participants in Haedal’s pre-launch campaigns are also eligible.

A snapshot of eligible addresses was taken on April 21, 2025 at 23:59 (UTC+8), and the claim window opens on April 29, 2025 at 12:00 PM UTC (8:00 PM UTC+8). The airdrop claim goes live on the official Haedal airdrop page beginning April 29, 2025.

Claiming Your HAEDAL Tokens After the Airdrop

1. Visit the Official Claim Page: Go to official Haedal airdrop page once the window opens.

2. Connect Your Wallet: Use any Sui-compatible wallet that holds your address.

3. Check Eligibility: The page will display your airdrop amount if you’re in the snapshot.

4. Submit the Claim: Click “Claim”, approve the on-chain transaction in your wallet, and the HAEDAL tokens will arrive in your address.

Be sure to claim promptly once the window opens to secure your allocation!

How to Stake HAEDAL Tokens to Earn haSUI

Follow these simple steps to start staking HAEDAL tokens on the Haedal protocol:

1. Go to the Haedal Staking Page: Visit the staking portal on Haedal and click “Connect Wallet.” Choose your Sui-compatible wallet (e.g., Suiet, Phantom) and authorize the connection.

2. Select Your Staking Mode:
i. Automated: One-click staking with Haedal’s recommended validators.
ii. Manual: Pick individual validators from the list to potentially optimize APY.

3. Enter Amount & Stake: Specify how much SUI you want to stake (minimum 1 SUI), then click “Stake SUI.”

4. Receive haSUI: Haedal mints an equivalent amount of haSUI and sends it to your wallet. You can now use haSUI across Sui DeFi or hold it to accumulate staking rewards automatically.

Which Blockchain Does Haedal Operate On?

Haedal Protocol is natively built on the Sui blockchain, leveraging Sui’s high-throughput, low-latency architecture to offer liquid staking for SUI (and other Sui-native tokens). When you stake SUI through Haedal, you receive haSUI receipt tokens while your SUI secures the network, and you can deploy haSUI across Sui-based DeFi to earn additional yields—all without losing liquidity.

How to Store HAEDAL Tokens Securely

To store HAEDAL securely on BingX, simply keep your tokens in your BingX Spot Wallet, which benefits from industry-leading custodial security measures. After purchasing or depositing HAEDAL, navigate to Assets → Spot Wallet, locate the HAEDAL/USDT balance, and leave your HAEDAL there. BingX employs multi-signature cold storage for the vast majority of user funds, along with real-time risk monitoring and its Secure Asset Fund for Users (SAFU) to protect against unforeseen events.

For added protection, enable Two-Factor Authentication (2FA) and set up a withdrawal whitelist in your BingX security settings. This ensures that even if your login credentials are compromised, only approved addresses can receive outgoing HAEDAL transfers. Regularly review your active devices and withdrawal history under Security → Device Management to spot and revoke any unauthorized access.

What Makes Haedal (HAEDAL) a Good Investment?

Haedal stands out as the leading liquid-staking protocol on Sui, with over $117 million in TVL as of April 2025 and a suite of optimized vault strategies that have delivered net annualized returns as high as 938% (after fees) on SUI-USDC positions, far surpassing competitors. Users benefit from Sui’s low transaction costs and advanced security model, while retaining full liquidity via haSUI tokens that earn protocol rewards in real time.

The HAEDAL token further aligns incentives through its veHAEDAL model, granting voting power over protocol upgrades and boosted yield incentives from protocol fees, while a balanced tokenomics framework (1 billion supply with 55 % ecosystem, 10% liquidity, 15% investors, 20% team) and backing by Hashed, OKX Ventures, and Animoca Brands underscore strong institutional support. Deep DeFi integrations and upcoming governance and cross-chain features point to sustained growth and utility for HAEDAL holders.