Haedal Protocol, a platform specializing in liquid staking solutions within the Sui blockchain ecosystem, has completed its seed funding round with participation from leading investors.
Haedal Protocol's New Funding Round
Haedal Protocol has announced the completion of its seed funding round, which saw participation from major investors such as Hashed, Comma3 Ventures, OKX Ventures, Animoca Ventures, Sui Foundation, Flow Traders, Dewhales Capital, Cetus, Scallop, and others. The funds will be allocated toward improving liquid staking infrastructure, advancing on-chain earning products, and enhancing the long-term competitiveness of the Sui Network.
haSUI: Haedal Protocol's Key Product
Haedal Protocol's flagship product is haSUI, a liquid staking token representing staked SUI tokens. Designed to combine staking rewards with liquidity, haSUI enables users to earn while participating in decentralized finance (DeFi) applications. With over $200 million in Total Value Locked (TVL) and more than $150 million in liquidity circulating across decentralized exchanges, haSUI is one of the most prominent products within the Sui ecosystem.
Platform Plans and Prospects
Haedal's platform employs an automated and monitored validator selection process, ensuring optimal yields for users. The protocol’s roadmap includes launching additional products and integrations to expand haSUI’s utility across the Sui ecosystem. These efforts aim to meet the growing demand from Web2 and Web3 users as blockchain adoption accelerates.
Haedal Protocol is actively developing its platform to provide scalable, user-friendly financial solutions for the Sui ecosystem, supporting the network's long-term growth and decentralization.
