Staking · Review
ActiveHaedal Protocol Review 2026: Liquid Staking on Sui
Haedal Protocol is a liquid staking protocol on Sui that gives users haSUI in return for staked SUI. It has meaningful TVL, but no audits are listed and fee details are not published in the sources reviewed.
By the DappsAtlas editorial team · Updated
DappsAtlas score
6.3/10
Mixed
Our verdict on Haedal Protocol
6.3/10Haedal suits SUI holders who want staking rewards while keeping a liquid token, haSUI, for use in Sui DeFi. Its main strength is a clear, focused product with a TVL of about $33.8 million. The main caveat is that DefiLlama lists no audits, and fee and validator details are not in the sources reviewed. Check these points on the official site and stake only what you can afford to risk.
Score breakdown
How Haedal Protocol scores
- Security
- 5.5/10
- Ease of use
- 7.0/10
- Fees
- n/a
- Features
- n/a
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Haedal Protocol?
Haedal Protocol is a liquid staking protocol built on Sui. Users stake SUI to support the network's governance and decentralisation and receive haSUI in return, so the staked position can still be used in other DeFi apps.
DefiLlama lists Haedal under Liquid Staking on Sui, with about $33.8 million in TVL and a HAEDAL token. It has been tracked since September 2023, and TVL dropped 6.8% over the latest 7-day window.
The homepage describes the idea as unleashing liquidity and amplifying yields. Audit status, fee levels and validator information are not public reviewed, so those points need checking at the source.
How Haedal Protocol works
Staking SUI normally locks tokens with validators that help secure the Sui network, and stakers earn rewards in return. Liquid staking adds a receipt token so the staked position does not sit idle.
With Haedal, a user stakes SUI and receives haSUI. The protocol describes haSUI as yield-bearing liquidity that can be used in DeFi on Sui, for example as collateral or in liquidity pools, while the original SUI continues to be staked.
The specific details, such as how the haSUI exchange rate accrues rewards, which validators are used and how unstaking works, are not public reviewed and should be confirmed in the project's documentation.
5 features
Key features
01
Liquid staking of SUI
Users stake SUI and receive haSUI, so their position is represented by a token they can hold or use elsewhere.
02
haSUI DeFi usability
The protocol says haSUI can be used in DeFi activities on Sui to try to earn additional yield on top of staking.
03
Network participation
Staking SUI contributes to Sui's network security and governance, as described in the DefiLlama summary.
04
HAEDAL token
The protocol has a HAEDAL token listed on DefiLlama, though its precise role is not described publicly.
05
Tracked on DefiLlama
Haedal has been listed on DefiLlama since September 2023 and shows about $33.8 million in TVL.
Pros and cons
What we like
- Focused liquid staking product for SUI holders who want to keep capital usable in DeFi.
- TVL of about $33.8 million shows meaningful deposits on a single-chain protocol.
- Tracked on DefiLlama since September 2023, giving it a public history of listed activity.
- Has a HAEDAL token listed, which may matter to users interested in protocol governance or incentives.
- Simple premise: stake SUI, get haSUI.
Watch out for
- DefiLlama lists no audits for the protocol, and none are named.
- Exposure is limited to one chain, so smart-contract or network problems on Sui affect everything.
- TVL fell 6.8% over the past 7 days, a reminder that liquid staking balances can move quickly.
- Fee and validator details are not, so users cannot judge costs before reading the app.
- haSUI can trade away from its underlying SUI value on secondary markets, and using it in other DeFi apps adds more risk.
Haedal Protocol fees
Haedal's fees are not stated publicly reviewed. That includes any protocol fee on staking rewards, validator commission and unstaking terms.
Users would normally find these figures in the staking interface or the project's documentation before they confirm a transaction. Sui network gas fees also apply to transactions.
Is Haedal Protocol safe?
DefiLlama lists zero audits for Haedal, and public sources reviewed name none. Without published audit reports, users are relying on their own review of the code, documentation and track record. Check the official site and social channels for audit information before depositing.
Liquid staking adds smart-contract risk, since staked funds are held by protocol contracts, and token risk, since haSUI may trade at a different price from SUI. Using haSUI in other protocols stacks the risks of those apps on top. No incidents are mentioned publicly, but absence of mention is not proof that none occurred. This is not financial advice.
6 steps
How to get started with Haedal Protocol
- 1
Set up a Sui-compatible wallet and fund it with SUI, keeping a small amount aside for gas.
- 2
Open the official Haedal website and check the address carefully to avoid imitation sites.
- 3
Connect your wallet and read the displayed staking terms, including fees and unstaking details.
- 4
Stake the SUI amount you choose and confirm the transaction to receive haSUI.
- 5
Decide whether to hold haSUI or use it in other Sui DeFi apps, after reading the risks of each app.
- 6
Review the unstaking process before you need to exit, so you know the timing and any costs.
Who Haedal Protocol is for
Haedal is aimed at SUI holders who want to stake without giving up liquidity and who are comfortable with DeFi and smart-contract risk. It is less suitable for people who need audited, long-established infrastructure or who want exposure to chains other than Sui.
Haedal Protocol FAQs
What is Haedal Protocol?
Haedal is a liquid staking protocol on Sui. Users stake SUI and receive haSUI, which they can use in other DeFi apps while the underlying SUI stays staked.
What is haSUI?
haSUI is the token users receive when they stake SUI with Haedal. According to the project, it is yield-bearing liquidity that can be used in DeFi on Sui.
Which blockchain does Haedal use?
Haedal runs on Sui only, based on the DefiLlama listing. It does not appear to be multi-chain.
Is Haedal audited?
DefiLlama lists no audits for Haedal, and none are named publicly reviewed. Check the project's own documentation and social channels for current audit information before depositing.
Does Haedal have a token?
The HAEDAL token is listed on DefiLlama as the protocol's token. The project does not explain its exact utility, so check the project's documentation for details.
What fees does Haedal charge?
Fee figures are not public reviewed. Users should check the staking interface and official documentation for any protocol fee, validator commission and unstaking terms.
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How we checked
Sources
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