Berachain Joint Venture: HONEY tokens are fully mortgaged at the vault address visible on Honey's official website
According to online reports, Berachain co-founder Smokey The Bera posted on X: "We have noticed that some members of the APAC community are concerned about the risk of HONEY collateral. The vault address visible on Honey is fully managed, and now the collateral is mainly BYUSD (bridging version of PYUSD). If someone wants to redeem it, they can bridge Eth and swap it on the Curve pool, or send it to Coinbase/OKX/Bybit/Crypto.com/Kraken for redemption, and we will do our best to make it easier for Berachain to do this in the future."
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