Haedal Protocol Secures Seed Funding to Revolutionize Liquid Staking on Sui Network

Author - personCMO Intern

1/05/2025

7:05 PM · Jan 3, 2025 - Haedal Protocol, a leading liquid staking platform built on the Sui blockchain, has successfully closed its seed funding round, securing an undisclosed amount to further its mission of empowering users within the Sui ecosystem. The round saw participation from prominent investors, including Hashed, Comma3 Ventures, OKX Ventures, Animoca Ventures, Sui Foundation, Flow Traders, Dewhales Capital, Cetus, Scallop, and others.

This investment underscores the growing recognition of liquid staking's crucial role in the broader adoption of blockchain technology. Haedal Protocol is at the forefront of this movement, providing innovative solutions that unlock the liquidity of staked assets while maximizing user returns.

Bridging Liquidity and Staking Rewards

Haedal Protocol's flagship product, haSUI, is a liquid staking token representing staked SUI. This innovative token allows users to earn staking rewards while simultaneously participating in DeFi activities, effectively eliminating the traditional trade-off between earning yield and maintaining liquidity. haSUI boasts impressive traction, with over $200 million in Total Value Locked (TVL) and more than $150 million in liquidity actively circulating across decentralized exchanges and DeFi protocols, solidifying its position as a key player in the Sui ecosystem.

"This funding round marks a pivotal moment for Haedal and the Sui Network," said Luke Shi, Co-founder of Haedal Protocol. "We're witnessing a paradigm shift where liquidity, accessibility, and yield optimization are paramount for mainstream blockchain adoption. Our goal is to empower users with user-friendly liquid staking solutions that unlock the full potential of their assets and contribute to the long-term growth of the Sui ecosystem."

A Focus on User Experience and Security

Haedal Protocol prioritizes user experience and security. The platform features an automated and continuously monitored validator selection process, ensuring optimal staking yields for users. With its one-click staking solutions and no lockup periods, Haedal caters to both individual and institutional investors, lowering the barriers to entry for participation in the Sui network.

Future Roadmap and Expansion

The newly secured funding will be strategically allocated to enhance Haedal's liquid staking infrastructure, develop new on-chain earning products, and bolster the long-term competitiveness of the Sui Network. The protocol's roadmap includes the launch of additional products and integrations to expand the utility of haSUI within the Sui ecosystem and beyond. These initiatives are designed to meet the anticipated surge in demand from both Web2 and Web3 users as blockchain technology continues its rapid expansion.

About Haedal Protocol

Haedal Protocol is a leading liquid staking platform on the Sui blockchain. Its flagship product, haSUI, enables users to earn staking rewards while maintaining liquidity. With a focus on user experience, security, and DeFi integration, Haedal Protocol is committed to driving innovation and growth within the Sui ecosystem.

About the Investors:

Hashed: A leading blockchain investment firm.
Comma3 Ventures: A venture capital firm focused on early-stage investments.
OKX Ventures: The venture capital arm of OKX cryptocurrency exchange.
Animoca Ventures: A prominent investor in blockchain gaming and the metaverse.
Sui Foundation: The foundation supporting the development of the Sui Network.
Flow Traders: A global technology-driven liquidity provider.
Dewhales Capital: A venture capital firm specializing in blockchain investments.
Cetus: A decentralized exchange and DeFi protocol on the Sui network.
Scallop: A DeFi platform offering various financial services.