Haedal Staked SUIPrice

(HASUI)

Haedal Staked SUI (haSUI) is a liquid staking token (LST) issued by the Haedal Protocol. It represents SUI that you have staked, but unlike traditional staking, your SUI remains liquid. This means you can earn staking rewards while simultaneously using your haSUI in various decentralized finance (DeFi) applications, maintaining flexibility and capital efficiency.

The primary difference lies in liquidity and accessibility. With native SUI staking, your tokens are locked, requiring an unbonding period of approximately 24 hours before you can access them. In contrast, haSUI provides instant liquidity. You can quickly swap haSUI for SUI on decentralized exchanges (DEXs) or integrate it into various DeFi protocols, such as using it as collateral, without waiting for an unbonding period. This offers greater flexibility and capital efficiency.

Earning rewards with haSUI is passive and automatic. Haedal Staked SUI operates as a "value-accruing" token. This innovative mechanism means that you don't need to manually claim any rewards. Instead, the inherent value of your haSUI token relative to SUI continuously grows over time. As the underlying SUI staked within the protocol earns rewards, these rewards are added to the staking pool, incrementally increasing the conversion rate of haSUI to SUI. Thus, while the number of haSUI tokens in your wallet remains constant, each haSUI token becomes progressively more valuable.

Haedal Protocol offers two methods for unstaking haSUI. The standard "Regular Unstake" process takes approximately 1 epoch, which is typically around 24 hours, and incurs no protocol fees. For users needing immediate access to their SUI, an "Instant Unstake" option is available. This method leverages the protocol's existing liquidity or SIP33 support to provide instant redemption, but it comes with a small fee, usually around 0.02% of the unstaked amount. This dual approach offers flexibility based on user urgency and fee preference.

Yes, there are fees associated with using the Haedal Protocol, specifically related to staking rewards. The Haedal DAO implements a transparent fee structure where it typically collects a 10% fee. It's important to note that this fee is applied only to the staking rewards generated by your SUI, not from your principal investment. This collected fee serves a crucial purpose: it helps fund ongoing protocol development, maintenance, and contributes to the protocol's treasury, ensuring the long-term sustainability and growth of Haedal Protocol.

Yes, the security of Haedal Protocol is a top priority, and it has undergone rigorous auditing by multiple reputable blockchain security firms. These audits are crucial for identifying and mitigating potential vulnerabilities, ensuring the robustness and safety of the protocol's smart contracts and overall architecture. Specifically, Haedal Protocol has been audited by leading firms such as MoveBit, OtterSec, and CertiK. These independent evaluations provide an essential layer of assurance and transparency to users regarding the protocol's security posture.