Price Feed Request: Haedal Protocol (HAEDAL)

Price Feed Council
1

Project Overview:

Haedal is a prime liquid staking protocol natively built on Sui. It provides users with robust liquid staking infrastructure, allowing people to stake their SUI and Walrus token into validators to earn continual consensus rewards while unleashing LST liquidity to be used in DeFi. Haedal aims to become the ultimate place for users to stake and earn on Sui.

Haedal helps secure the Sui blockchain, contributing to its long-term sustainability, governance and decentralization. Additionally, Haedal is building a series of wingman products around its liquid staking infra, including Haedal Market Maker, haeVault and more. Its systematic product matrix can help Haedal capture significant value from the active on-chain trading flows on Sui, further optimizing its advantage in yield performance and providing stronger liquidity depth and efficiency to Sui users.

History and Development:

  • Haedal started building on Sui system since 2023. As the first LSD protocol to be launched on the Sui mainnet, it continues to empower ecological security and DeFi.

  • Seed round funding finished on 3rd Jan 2025 with participation from industry-renowned investors, including Hashed, Comma3 Ventures, OKX Ventures, Animoca Ventures, Sui Foundation, Flow Traders, Dewhales Capital, Cetus, Scallop, etc.

  • TGE at 29th Apr 2025, now with spot listed on Bithumb, Binance Alpha, Bybit, Gate, Bitget, Kucoin, Mexc, Hashkey Global, etc. Also perp listed on Binance, Bybit, Gate, Bitget, Kucoin, Mexc

Achievements and Accolades:

  • Winner of Sui liquid staking hackathon

  • Top tier LSD protocol on Sui, Sui Defi TVL Top 4

Partnerships:

  • Strong & deep partnership with top Sui DeFi protocols including Cetus, Turbos, Navi, Scallop, Bucket, etc. And has integrated with almost all the mainstream wallets which support Sui.

Rationale

Proposed Plan

  • Monetary Compensation: 20k USDC

Social Media Profiles:

3 Likes
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Hi there Luke and the Haedal team,

Thank you for your detailed request and, most importantly, for your interest in the Pyth Network. As a Price Feed Council member, I find your proposal highly valuable, and I am excited by your willingness to support the Network’s growth.

Based on the information you provided - particularly the trading volume and listing venues - I see no barriers to the Council approving this proposal.

It is also wonderful to see that you plan to support the DAO in conjunction with your request. This truly highlights your commitment to the Network and aligns with the Council’s ongoing efforts to foster its development. I am personally in favor of moving forward with your proposal and will work to help fulfill your request as soon as possible.

That said, it is extremely important to emphasize that the Price Feed Council’s ultimate decision will be governed by the technical requirements we consistently apply when considering new price feeds (which seems to be the case, based on the above numbers), and any Publisher must meet the Pyth Network’s high standards.

Additionally, the funds received will be directed to the DAO treasury - where the Governance Stakers (=DAO Members) control and decide on the allocation of these resources to support and grow the Network. The Council itself, or its members, will not receive any portion of these funds, maintaining our focus on non-profit work dedicated to the network’s advancement.

For further information, please refer to the DAO constitution and the DAO treasury wallet (Gx4MBPb1vqZLJajZmsKLg8fGw9ErhoKsR8LeKcCKFyak), which you can find at the following website: governance/docs/constitution/pyth-dao-constitution.md at main · pyth-network/governance · GitHub

Thank you again for your engagement with the Pyth Network, and I look forward to collaborating further as we evaluate your proposal.

1 Like
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Thanks for your support. We aleady have finished the monetary compensation of 20k USDC. Would love to get price access asap

txid:
4468LZea1A6gPZRsKkjFYE5aeTmMdstsoP6P5Rbcv2ZFV5wi197nj9rw1Lxn9FWgq64BQjwquo3emUvqF941u3N1
3tp3xm7f7BJSHFEquuyL3db5DxPVgs9nw7wdHfpGgRzz3tAuNkLzsa5GWmeRi4SzwBB4ztAykbzS6FT6ywg9YCQN

3 Likes