Haedal Staked SUI
Crypto Overview
Overview
Haedal Staked SUI (HASUI) is a liquid staking token that represents staked SUI tokens on the Sui Network. When users stake their SUI tokens through the Haedal protocol, they receive HASUI tokens in return, allowing them to maintain liquidity while earning staking rewards.
Purpose and Utility
The primary purpose of HASUI is to provide liquidity for staked SUI tokens. Users can stake their SUI tokens through the Haedal protocol and receive HASUI tokens that represent their staked position. These HASUI tokens can be traded or used in other DeFi applications while the underlying SUI tokens continue earning staking rewards.
Business Model
The protocol generates revenue through collecting a small percentage of staking rewards. The business model is straightforward and transparent, with clear documentation of how rewards are distributed between stakers and the protocol.
Development and Adoption
The protocol operates on the Sui Network and has implemented security measures to protect staked assets. While the project is relatively new, it provides a legitimate utility in the form of liquid staking services.
Token Distribution
HASUI tokens are minted when users stake SUI and burned when they unstake, maintaining a 1:1 relationship with staked SUI tokens. There is no pre-mine or founder allocation of HASUI tokens.
Crypto Impact
To assign a comfort level investing in Haedal Staked SUI from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Haedal Staked SUI.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.