Cryptocurrency Exchange Binance has announced a repurchase program for Haedal Protocol (Haedal), a project of Binance Alpha and a liquid staking protocol built on the SUI blockchain first listed by Binance.
Haedal has announced the launch of a buyback program designed to reward stakers.
Under this initiative, 50% of the protocol’s weekly revenue (including liquid staking fees, HMM fees and HAEVAULT profits) will be used to buy back Haedal Tokens from the secondary market.
All tokens purchased back will be distributed proportionately to the headal stakers each week.
The team said they wanted to establish an organic, sustainable cycle in which ecosystem growth leads to tangible benefits for long-term, loyal investors.
“Big Announcement: Haedal’s buyback program is beginning!
We provide you, our community with double support! We are introducing a repurchase program that converts Haedal Protocol’s profits into rewards for loyal Haedal users.
There are no tricks. This is how we reward our long-term followers. Let’s get started! ”
Finally, the team said the program is not a one-off program and is ongoing.
Following the news, the prices of Haedal Rose.
📢Large announcement: Haedal’s Buy Back program is live now! 🥳
Our community is doubling you! Introducing the #Buyback program that turns the interest rates of #Haedal’s protocol into rewards for loyal Vehaedal users.
No gimmicks – real value. This is how to reward the long term…pic.twitter.com/vnwkarii2p
– Haedal🦦 (@haedalprotocol) May 6, 2025
*This is not investment advice.