Haedel Overview
What is Haedel?
Haedel is a Liquid Staking protocol that helps users earn profits through staking SUI, besides users will receive haSUI – a Liquid Staking Token to participate in earning profits in DeFi on SUI.
haSUI represents the amount of SUI tokens staked in the project, this is a yield bearing token. haSUI can be used to interact with dAPPs such as Cetus, Turbos, FlowX.
Mechanism of action
To stake SUI, users perform the following steps:
- Step 1: Prepare SUI in the wallet to connect to the protocol.
- Step 2: Choose the amount of SUI you want to stake.
- Step 3: The protocol will return haSUI and everyone can bring that haSUI to participate in DeFI.
Development Roadmap
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Investor
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Core Team
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Tokenomcis
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Exchanges
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Project Information Channel
- Twitter: https://twitter.com/HaedalProtocol
- Telegram: https://twitter.com/HaedalProtocol
- Website:
Summary
Liquid Staking is an indispensable product in any network using the Proof-of-Stake mechanism, it helps promote the development of the ecosystem, attracting users to participate in seeking profits. Sui is a new Layer 1 blockchain and is on its way to developing an ecosystem and pieces like Haedel are the backbone of the whole system. Hopefully through the article, everyone has an overview of what Haedel is.
