Berachain Lianchuang: HONEY tokens are fully guaranteed by the vault address visible on the Honey official website
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Planet News: Smokey The Bera, co-creator of Berachain, posted on X: "We noticed that some members of the APAC community are concerned about HONEY collateral risks. The HONEY vault addresses visible on Honey are fully custodial, and the collateral is currently mainly BYUSD (bridged PayPal USD). If someone wants to exchange it, they can bridge ETH and swap it on the Curve pool, or send it to Coinbase/OKX/Bybit/Crypto.com/Kraken for exchange. We will do our best to make this easier on Berachain in the future, but until then, we will focus on proactively sending messages."
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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