Berachain: HONEY is fully collateralized and will simplify the redemption process
2025-05-19 13:45:45
In response to Berachain's long-term inability to redeem HONEY as USDC, Berachain Lianchuang @SmokeyTheBera posted on the X platform that members of the Asia-Pacific community are concerned about HONEY collateral, but in fact HONEY is fully collateralized. At present, the collateral is mainly BYUSD (bridging Paypal USD). If you want to redeem it, you can bridge it to ETH and exchange it in the Curve pool, or send it to CEX for direct redemption. This operation process will be simplified in the future.
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