OKX Ventures fuels Haedal expansion in Sui staking ecosystem
OKX Ventures supports Haedal’s liquid staking on Sui
OKX Ventures, the investment arm of the global crypto exchange OKX, has announced its participation in the funding of Haedal, a liquid staking protocol built on the Sui blockchain.
This strategic step highlights OKX Ventures' confidence in Haedal’s innovative solutions and its potential to become a key component of Sui’s growing DeFi ecosystem.
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With an initial capital commitment of $100 million, OKX Ventures aims to identify and support high-potential blockchain projects worldwide, fostering innovation and promoting sustainable growth within the Web3 space. The fund's investment in Haedal reflects its focus on projects that offer long-term value and contribute to blockchain decentralization.
Haedal's features
Haedal stands out as a native liquid staking protocol for the Sui blockchain, allowing users to delegate their SUI tokens to validators and earn continuous consensus rewards. Unlike traditional staking, Haedal utilizes liquid staking tokens (LSTs) that can be used on decentralized finance (DeFi) platforms. This approach not only strengthens network security and promotes decentralized governance but also enhances capital efficiency within the ecosystem.
Haedal's product expansion and plans
In addition to its core staking services, Haedal is expanding its product offerings by developing a range of derivative products around its liquid staking infrastructure. These tools are designed to optimize on-chain capital flow and maximize user returns. Haedal’s long-term vision is to make yield-generating strategies more accessible and appealing to both institutional and retail investors.
The protocol is also working on user-friendly "one-click" earning products to simplify staking for a broader audience. This development comes at a pivotal time, as the Sui network prepares for wider adoption with an influx of new Web3 users joining the ecosystem.
Haedal has confirmed its plans to release new modules and updates aimed at further increasing user profitability. By creating a secure and efficient staking environment, Haedal aims to play a pivotal role in the sustainable growth of the Sui blockchain, reinforcing its position as a leader in decentralized liquid staking solutions.
It is also worth noting that as of January 1, 2025, OKX has discontinued its quick margin mode. This move is aimed at maintaining trading stability and optimizing margin trading processes on the platform.
