OKX Ventures Announces Seed Round Investment in Haedal, a Liquid Staking Protocol Built on Sui
OKX Ventures today announced its participation in the seed investment round for Haedal, a liquid staking protocol built on Sui. 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.
Haedal stands out as Sui’s leading native liquid staking protocol. The protocol provides users with robust liquid staking infrastructure, allowing them to stake their SUI into validators to earn continual consensus rewards while unleashing LST liquidity to be used in DeFi. Haedal helps secure the Sui blockchain, contributing to its long-term sustainability, governance and decentralization. Additionally, Haedal is building a series of derived products around its liquid staking infrastructure, with a shared goal of maximizing the on-chain value and capital efficiency of Sui.
Looking ahead, Haedal’s vision extends to maximizing yield opportunities within the Sui ecosystem The protocol is developing one-click earning products, making them accessible to both retail and institutional users. This streamlined approach is particularly timely as Sui Network prepares for mass adoption, with a significant influx of Web3 users on the horizon. Haedal will soon release a series of new products and modules to further maximize yield opportunities for all users.
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ENDS
About OKX Ventures
OKX Ventures is the investment arm of the second-largest crypto exchange by trading volume and Web3 technology company OKX, with an initial capital commitment of USD 100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.
Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.
Find out more about OKX Ventures here.
