Haedal Staked SUI
HASUI
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
HASUI (Haedal Staked SUI) is a core liquid staking receipt token operating on the Sui blockchain, enabling holders to earn staking rewards (~3.02% Total APY) while retaining DeFi liquidity. The protocol demonstrates reasonable foundational health, scoring a weighted average of 6.2/10 across all six evaluation dimensions with no data gaps. Active development is sound (6.5/10), evidenced by maintained Move and TypeScript repositories and feature launches such as veHAEDAL in 2025. Security and audit history (7.5/10) is supported by a completed OtterSec audit, an active HackenProof bug bounty program, multisig-secured administrative permissions, and a clean track record free from historical exploits or depeg events. Tokenomics (7.0/10) reflects a fully collateralized elastic supply model backed directly by staked SUI. Team and governance (6.0/10) features verified institutional backing (Hashed, OKX Ventures, Sui Foundation) and public leadership, albeit with HASUI holders lacking direct voting rights under the veHAEDAL structure. Primary weaknesses are concentrated in community engagement (4.5/10) and market dynamics (5.5/10), characterized by modest 24-hour trading liquidity ($47.8k), lack of direct governance forum metrics, derivative dependence on the broader Sui ecosystem, and stiff competition from alternative liquid staking protocols. No red-flag events were identified.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Haedal Staked SUI (HASUI)
HASUI (Haedal Staked SUI) is a yield-bearing liquid staking receipt token minted through the Haedal Protocol on the Sui blockchain. When users stake SUI through the protocol, they receive HASUI, which allows them to earn validator staking rewards while retaining liquidity across decentralized finance applications on Sui. The token operates on a fully collateralized elastic supply model where value accrues through exchange rate appreciation against SUI rather than token emissions.
Haedal's codebase is maintained in Move and TypeScript, with leadership including co-founder Luke Shi and institutional backing from entities such as Hashed, OKX Ventures, Animoca Ventures, and the Sui Foundation. Protocol governance is structured around veHAEDAL, where native HAEDAL tokens are time-locked for governance rights, meaning HASUI receipt holders do not possess direct voting authority. Protocol security features multisig-secured administrative permissions, an active HackenProof bug bounty program, and an audit of its core staking contract conducted by OtterSec in November 2023.
HASUI faces several structural and market-related risks. Its value and utility are derivative of and entirely dependent on the Sui network, and it operates in direct competition with alternative Sui liquid staking protocols such as Suilend and Volo. Furthermore, the protocol's publicly verifiable audit reports date back to late 2023 without documented third-party audits for subsequent upgrades, and market liquidity remains relatively modest with limited direct community governance channels.