Exactly one year ago, @HaedalProtocol's TVL was at $25M. 4 days ago, it crossed $200M. Now it's at $209M+, and it currently ranks as the project with the 4th biggest TVL on SUI and the No #1 Liquid Staking platform on the blockchain! If you think this is random, think again. What you're witnessing here is a masterclass in demand and supply! Let me explain👇🏽 DeFi on Sui has boomed since the blockchain launched in 2023. However, there was one sector that stubbornly refused to grow over the years... Liquid Staking. The problem was simple: The APRs Sui protocols offered users to get them to stake were not good enough. In many cases, these staking protocols didn't even offer up to 3% APRs. Yes, it was that ridiculous. As such, there was no incentive for token holders to transfer liquidity to these staking protocols and lock them up, and as a result, the entire network wasn't able to function optimally. And then @HaedalProtocol stepped in. I always tell people: Never bet against a protocol that is providing the supply to a major need in any ecosystem. You'll lose all the time, and that's precisely what we're seeing with @HaedalProtocol. In the past 30 days, SUI's TVL has grown from $1.2Bn to $2.10Bn (an ATH for the blockchain). That's a 900M increase. 9%+ of that liquidity surge came from Haedal alone🤯 Do you understand what that means? Let me help you: It means that Haedal Protocol is already positioned as one of the foremost drivers of economic activities on Sui! Oh, and it's only going to get better. Here's why👇🏽 The reason Haedal's TVL is rising so sharply is primarily because of its veHAEDAL staking program that allows users to earn 434.97%+ APRs on staked positions with rewards distributed every 7 days. So far, the first rewards distribution of 679,790.39 $HAEDAL has already been carried out (worth $106k+) This means users who staked tokens on Haedal in the past 7 days got to enjoy $106k+ in rewards distributed among them🤯 And as the program carries on, rewards are only going to get bigger. This immediately tells you that in little time from now, Haedal will at least flip protocols ahead of it to break into the Top 3 protocol rankings on Sui by TVL. Bookmark this because I'm too sure it will happen. People want lucrative staking positions that earn them premium yields. Haedal supplies that with APRs of over 400% and then goes beyond to also reward stakers with other perks like farming yield boosts, governance power, priority access to future features & products, and more… and all of this with zero lockups, meaning users can withdraw or deposit liquidity at any time with no restrictions! There's only one way this ends. Haedal is inevitable!
311
27.16K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.