Haedal Protocol is doing liquidity staking in the Sui ecosystem, which is indeed an interesting direction. Users can stake SUI or WAL to obtain haSUI—a fully tradable yield-bearing token, and the key is that this token can be used directly in DeFi without lock-up period restrictions. The current market cap is approximately between $12 million and $14 million, and it is still in the early stages. Compared to traditional staking that requires waiting for the unlock period, this liquidity staking model significantly improves capital utilization. Especially for users who want to earn staking rewards without losing liquidity, it’s a pretty good option. The liquidity staking ecosystem on the Sui chain is still developing, and projects like this are worth paying ongoing attention to.