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COUNCILPrice Feed CouncilMay 2, 2025

Price Feed Request: Haedal Protocol (HAEDAL)

May 2, 2025

Project Overview:

Haedal is a prime liquid staking protocol natively built on Sui. It provides users with robust liquid staking infrastructure, allowing people to stake their SUI and Walrus token into validators to earn continual consensus rewards while unleashing LST liquidity to be used in DeFi. Haedal aims to become the ultimate place for users to stake and earn on Sui.

Haedal helps secure the Sui blockchain, contributing to its long-term sustainability, governance and decentralization. Additionally, Haedal is building a series of wingman products around its liquid staking infra, including Haedal Market Maker, haeVault and more. Its systematic product matrix can help Haedal capture significant value from the active on-chain trading flows on Sui, further optimizing its advantage in yield performance and providing stronger liquidity depth and efficiency to Sui users.

History and Development:

  • Haedal started building on Sui system since 2023. As the first LSD protocol to be launched on the Sui mainnet, it continues to empower ecological security and DeFi.

  • Seed round funding finished on 3rd Jan 2025 with participation from industry-renowned investors, including Hashed, Comma3 Ventures, OKX Ventures, Animoca Ventures, Sui Foundation, Flow Traders, Dewhales Capital, Cetus, Scallop, etc.

  • TGE at 29th Apr 2025, now with spot listed on Bithumb, Binance Alpha, Bybit, Gate, Bitget, Kucoin, Mexc, Hashkey Global, etc. Also perp listed on Binance, Bybit, Gate, Bitget, Kucoin, Mexc

Achievements and Accolades:

  • Winner of Sui liquid staking hackathon

  • Top tier LSD protocol on Sui, Sui Defi TVL Top 4

Partnerships:

  • Strong & deep partnership with top Sui DeFi protocols including Cetus, Turbos, Navi, Scallop, Bucket, etc. And has integrated with almost all the mainstream wallets which support Sui.

Rationale

Proposed Plan

  • Monetary Compensation: 20k USDC

Social Media Profiles:

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Source: https://forum.pyth.network/t/price-feed-request-haedal-protocol-haedal/2120 · external id 2120