Question 1

What is Haedal Staked SUI (HASUI)?

Accepted Answer

Haedal Staked SUI (HASUI) is a liquid staking token on the Sui blockchain, issued by the Haedal Protocol. When users stake their SUI tokens through Haedal, they receive HASUI tokens, which represent the staked assets and accrue staking rewards over time. This mechanism allows users to earn staking rewards while maintaining liquidity, enabling participation in various decentralized finance (DeFi) activities within the Sui ecosystem.

Question 2

What is HASUI used for?

Accepted Answer

HASUI serves multiple functions within the Sui DeFi ecosystem:

* **Earning Staking Rewards:** HASUI tokens appreciate in value as the underlying staked SUI earns validator rewards.
 
* **DeFi Integration:** HASUI can be utilized across various DeFi platforms on Sui, including decentralized exchanges (DEXs) like Cetus, lending protocols such as Scallop, and other financial applications, allowing users to earn additional yields. 
 
* **Governance Participation:** Holders of HASUI can participate in the governance of the Haedal Protocol through mechanisms like veHAEDAL, influencing decisions on protocol upgrades and reward distributions.

Question 3

Who created Haedal Staked SUI (HASUI)?

Accepted Answer

HASUI is a product of the Haedal Protocol, developed by a team of blockchain and Web3 experts, including co-founder Luke Shi. The protocol focuses on providing liquid staking solutions on the Sui blockchain. Haedal has received backing from notable investors such as Hashed, OKX Ventures, Animoca Ventures, and the Sui Foundation.