Deep Dive
1. Expand Hae3 Yield Infrastructure Suite (2026)
Overview: Haedal has evolved from a liquid‑staking protocol into a comprehensive yield infrastructure stack, branded as Hae3. This suite includes the Haedal Market Maker (HMM)—an oracle‑based AMM with over $1.2B in cumulative volume—and the haeVault for automated liquidity‑provider strategies. The protocol’s stated goal is to become a “one‑stop on‑chain yield infrastructure” on Sui (Haedal). Moving forward, development is likely to focus on scaling these products, improving fee‑sharing mechanics (where 50% of HMM profits are directed to HAEDAL buybacks), and expanding cross‑chain interoperability via Wormhole.
What this means: This is bullish for HAEDAL because deeper yield infrastructure can attract more TVL, increase protocol‑owned revenue, and enhance the token’s buy‑and‑burn dynamics. However, execution risk remains high given the competitive DeFi landscape and Haedal’s dependence on Sui ecosystem growth.
2. Enhance veHAEDAL Governance & Utility (2026)
Overview: The veHAEDAL system allows users to lock HAEDAL for up to 52 weeks to gain voting power, boosted farming rewards, and weekly staking yields. The mechanism is live, but the roadmap likely includes refinements to incentive structures, governance proposals, and potential integration with more DeFi modules (Haedal Protocol Docs). With only about 22‑32% of the 1B token supply circulating as of February 2026, future unlocks could pressure price, making effective ve‑tokenomics crucial for sustaining demand.
What this means: This is neutral‑to‑bullish for HAEDAL because a well‑designed ve‑model can encourage long‑term locking, reduce sell‑side pressure, and decentralize governance. The bearish risk is that if unlocks outpace new locking demand, dilution could outweigh utility benefits.
3. Resume & Secure haeVault Feature (TBD)
Overview: In May 2025, Haedal paused its haeVault feature—an automated LP strategy that relied on Cetus liquidity pools—after a $223M exploit affected Cetus (CoinMarketCap). The team stated that “haeVault will resume once all risks are resolved and the environment is secure.” No public timeline has been given since, but resuming this product is a logical next step to restore a key yield‑generating module and regain user confidence.
What this means: This is bullish for HAEDAL because re‑enabling haeVault would reactivate a source of yield for users and potentially increase TVL. The bearish angle is that any further delay or security incident could erode trust in the protocol’s risk management.
Conclusion
Haedal Protocol is transitioning from a pure liquid‑staking service into a broader yield‑infrastructure platform, with immediate priorities likely centered on scaling its Hae3 suite, refining ve‑tokenomics, and safely restoring paused features. How effectively the team executes these steps while managing token‑supply unlocks will determine whether the token can decouple from its recent >85% decline. What Sui‑ecosystem developments could provide the next catalyst for Haedal’s growth?