Haedal Protocol ($HAEDAL) IEO

About Haedal Protocol | The Leading Liquid Staking Solution on Sui

The project is the largest liquid staking protocol on the Sui blockchain by total value locked, letting users stake SUI or WAL tokens and receive yield-bearing haSUI or haWAL receipt tokens in return. Unlike traditional staking that locks funds, the platform lets users retain full liquidity — haTokens can simultaneously earn validator rewards and participate in DeFi activities like lending, trading, and liquidity provision across the Sui ecosystem.

Haedal Protocol IEO: Sale Price Info

The public sale ran May 7–11, 2025 on Gate.io's Launchpool at $0.10 per unit toward a $42,857.1 goal. Its latest crypto IEO projects seed round closed in January 2025 backed by Hashed, OKX Ventures, Animoca Ventures, the Sui Foundation, Flow Traders, Comma3 Ventures, Dewhales Capital, Cetus, and Scallop — genuinely substantial institutional support for Sui-native DeFi infrastructure.

HAEDAL Tokenomics and Revenue-Sharing Design

Total supply is 1 billion tokens, with 55% allocated to ecosystem incentives, 15% to investors (subject to a 6-month lock-up plus 12-month linear unlock), and 10% to a liquidity fund. The protocol directs 50% of revenue toward HAEDAL buybacks and rewards for veHAEDAL holders, with an additional 10% deposited into treasury as long-term operating funds — creating a genuine revenue-sharing flywheel tied to actual protocol usage.

Launchpad Background: Gate.io

Gate.io's Launchpool gave the project broad retail distribution ahead of its April 2025 TGE, which included subsequent major listings on Binance, Bybit, and Gate.io itself, joining fellow Gate.io-hosted sales like 3D metaverse gaming platform sale elsewhere in this dataset.

IEO Conclusion: Real Protocol Growth, Severe Decline

Its protocol metrics tell a genuinely strong growth story: the platform surpassed $200 million in total value locked, accumulated over 794,000 holders, processes 44,000+ daily active wallets, and its Market Maker product ranks among the top three automated market makers on Sui by daily volume. Price performance nonetheless followed a severe correction: the token reached roughly $0.30 in July 2025 before declining more than 85-90% to current levels around $0.03-$0.04, illustrating a stark divergence between protocol traction and market value.

Current Listing, Trading Volume and Price

HAEDAL trades on Binance, Bybit, and Gate.io, with real daily trading volume regularly in the $2+ million range. Current pricing sits around $0.017-$0.04 depending on the snapshot, with fully diluted valuation near $123.6 million.

Project Progress, Hae3 Suite and Expansion

Its Hae3 product suite built atop its core staking infrastructure, including the Market Maker (HMM) offering capital-efficient liquidity comparable to concentrated liquidity pools, and haeVault, represent genuine ongoing product expansion — though haeVault was temporarily halted in May 2025 amid security concerns following the unrelated $223 million Cetus Protocol exploit that impacted the broader Sui ecosystem.

Red Flags and DYOR Checklist Before You Invest

Consider: the token has declined more than 85-90% from its 2025 peak despite genuinely strong and growing protocol usage, illustrating that TVL growth has not translated into proportional token demand; continuous token unlocks are adding supply pressure into an already weak market; haSUI users do not need to hold HAEDAL to stake, meaning the token's value-capture mechanism remains structurally modest relative to selling pressure; and the temporary haeVault halt following the Cetus exploit shows genuine smart-contract risk exists even for well-audited Sui DeFi protocols. Verify current TVL and buyback mechanics on the official official website, and cross-check pricing on CoinMarketCap data before allocating.

Glossary

Liquid staking: staking that issues a tradeable receipt token, letting users retain liquidity. haSUI/haWAL: the project's yield-bearing receipt tokens for staked SUI and WAL. veHAEDAL: a vote-escrowed governance model rewarding long-term HAEDAL lockers. HMM: the project's Market Maker, a capital-efficient automated market-making module. TVL: Total Value Locked, the total assets deposited within a DeFi protocol.

Disclaimer

This page is for information and education only and is not investment, legal, or tax advice. Liquid staking tokens with strong protocol usage can still see severe token-price divergence. Figures reflect public sources at the time of writing. Do your own research and consult a registered financial advisor before participating.