Haedal Protocol Secures Seed Round Funding to Advance Liquid Staking on Sui Network
Bangkok, Thailand, January 3rd, 2025, Chainwire
Haedal Protocol, a platform specializing in liquid staking solutions within the Sui blockchain ecosystem, announced the completion of its seed funding round. The funding round saw participation from leading investors, including Hashed, Comma3 Ventures, OKX Ventures, Animoca Ventures, Sui Foundation, Flow Traders, Dewhales Capital, Cetus, Scallop, and other participating investors.
The newly raised funds will be allocated toward Haedal’s liquid staking infrastructure, enhancing on-chain earning products, and advancing the long-term competitiveness of the Sui Network. Haedal will utilize the funds to further enable scalable, user-friendly financial solutions for the Sui ecosystem.
Haedal’s flagship product, haSUI, is a liquid staking token representing staked SUI tokens. Designed to combine staking rewards with liquidity, haSUI enables users to earn while actively 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 and DeFi protocols, haSUI is one of the most prominent liquid staking tokens within the Sui ecosystem.
“This funding reflects a shift in the industry, where liquidity, accessibility, and yield optimization are becoming essential pillars for mainstream adoption,” said Luke Shi, Co-founder of Haedal Protocol. “By building novel, yet usable liquid staking solutions, we aim to empower users to unlock the potential of their assets and contribute to the long-term growth of the Sui ecosystem.”
Haedal’s liquid staking platform employs an automated and monitored validator selection process, ensuring optimal yields for users. By offering one-click staking solutions without lockups, the platform caters to both individual and institutional users, lowering barriers to entry and encouraging broader adoption.
The protocol’s roadmap includes the launch of additional products and integrations to expand haSUI’s utility across the Sui ecosystem. These efforts aim to prepare the platform for growing demand from Web2 and Web3 users as blockchain adoption accelerates.
About Haedal Protocol
Haedal Protocol is a liquid staking platform built on the Sui blockchain, enabling users to stake SUI tokens and earn staking rewards while maintaining liquidity through haSUI. With a focus on ease of use and DeFi integration, Haedal Protocol contributes to the growth and decentralization of the Sui Network.