Key Takeaways:
- OKX Ventures invested in Haedal, a Sui-based liquid staking protocol, to boost DeFi liquidity.
- Haedal enables staking without locking assets, offering flexible yield generation through liquidity pools and integrations.
- The funding supports Haedal’s plan to expand staking infrastructure, enhance governance tools, and strengthen Sui’s position in decentralized finance.
OKX Ventures has announced a seed investment in Haedal, a liquid staking protocol built on the Sui blockchain. Notably, the funding aims to enhance staking liquidity and streamline DeFi accessibility.
Haedal’s protocol allows users to stake tokens while maintaining liquidity, enabling yield generation without locking assets. It supports staking flexibility, addressing liquidity limitations in traditional staking models.
In the January 3 announcement, OKX Ventures highlighted that the partnership aligns with its strategy to advance blockchain solutions. “OKX Ventures sees significant potential in Haedal’s innovative approach to liquid staking infrastructure and its vision to become a cornerstone of Sui’s DeFi ecosystem,” said the venture capital in the announcement.
The investment supports broader plans to scale blockchain infrastructure and drive adoption while highlighting OKX’s commitment to expanding decentralized finance through partnerships with emerging protocols.
Haedal: Liquid Staking on Sui
Haedal Protocol operates on Sui, a layer-1 blockchain optimized for high-speed transactions and low fees. Its staking model integrates decentralized governance and security measures to protect assets.
The protocol generates yield through liquidity pools, staking rewards, and DeFi integrations, catering to institutional and retail investors. Notedly, the approach targets growth in liquid staking solutions, which are increasingly popular in DeFi markets.
Haedal Protocol Secures Seed Funding to Revolutionize Staking on Sui
In a January 3 post on X, the liquid staking protocol announced the successful closure of its seed funding round that attracted prominent investors such as Hashed, OKX Ventures, Animoca Ventures, and others.
For context, this milestone underscores growing confidence in Haedal’s mission to unlock staked liquidity on the Sui blockchain. The funds will fuel the development of Haedal’s liquid staking infrastructure and innovative earning products, strengthening Sui’s position as a competitive force in DeFi.
With plans to release new yield-maximizing products, Haedal is prepared to support Sui’s growth and onboard the next wave of Web2 users into the crypto ecosystem. As Haedal continues its journey, it promises exciting updates and innovations, inviting its community to stay tuned for what’s next.
