Value Accruing & Use Cases

Value Accrual

The value of haWAL increases relative to WAL as staking rewards from the Walrus Protocol continuously accumulate. After each Walrus epoch, Haedal's liquid staking system updates the haWAL/WAL exchange rate to reflect newly earned rewards (minus a small commission fee, currently at 6%). This means that from a mechanism perspective, the value of haWAL is constantly increasing relative to WAL — no manual claiming needed.

What You Can Do with haWAL

haWAL is designed to be composable within the Sui DeFi ecosystem. Users can:

• Provide Liquidity: Provide haWAL liquidity on DEXs to earn trading fees.

• Trade: Swap haWAL with any token on DEXs or aggregators.

• Borrow/Lend: Use haWAL in lending markets to earn yield or as collateral.

• Mint Stablecoins: Use haWAL as collateral in CDP-based protocols to mint new assets

• Yield Trading: haWAL has been supported by major yield trading protocols on Sui

• More