Berps & $bHONEY
$bHONEY is a standard ERC20 Token that is minted at the time that $HONEY is deposited into the Berps $bHONEY Vault.
NOTE: that
$bHONEYis burned when$HONEYis withdrawn from the Berps Vault.
It represents ownership of $HONEY within the Vault as a vault token.
How Does Berps Use $bHONEY?
Berps use $bHONEY to represent a user's deposit in the Berps Vault and also allows users to stake it in order to qualify for $BGT rewards over time, whenever a validator directs $BGT emissions to the Berps Vault.
Where Can I Get $bHONEY?
$bHONEY can either be received for depositing $HONEY into the Berps bHoney Vault or traded/transferred as an ERC20 token.