Honey token
Overview
HONEY is Berachain's native stablecoin, soft-pegged to the US dollar and fully collateralized by approved assets. Users mint HONEY by depositing collateral -- accepted types include USDC, BYUSD, USDT0 and USDe -- through vault contracts coordinated by the HoneyFactory contract, and redeem it back for that collateral, paying variable mint and redemption fees depending on the asset. A safety feature called Basket Mode activates when a collateral asset depegs, switching redemptions to a proportional share of all collateral rather than a single asset. HONEY supports EIP-2612 permits and EIP-3009 transfers, enabling gasless transactions where a third party submits the transaction.
Within the DeFi Intel graph, Honey connects to 9 tracked entities, most strongly to Berachain, Berachain, Hivemapper.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 9 of 9 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Berachain | 95% |
launched | Berachain | 95% |
ISSUES_TOKEN | Hivemapper | 95% |
issued_by | Berachain Foundation | 95% |
backed_by | USD Coin | 90% |
backed_by | PayPal USD | 90% |
supports_token | Hivemapper | 90% |
issued_by | Hivemapper | 90% |
deployed_on | Solana | 85% |
Frequently asked questions
What is Honey?
Honey is a stablecoin tracked in the DeFi Intel knowledge graph. It is connected to 9 other tracked entities, most strongly to Berachain, Berachain, Hivemapper.
What type of entity is Honey?
Honey is classified as a stablecoin (token) in the DeFi Intel knowledge graph.
What is Honey connected to?
In the DeFi Intel knowledge graph, Honey is linked to 9 other tracked entities, most strongly to Berachain, Berachain, Hivemapper.
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