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Berps & $HONEY

0x0E4aaF1351de4c0264C5c7056Ef3777b41BD8e03

$HONEY is Berachain's native stablecoin. It is an standard ERC20 Token and represents the equivalent of 1 $USDC.

How Does Berps Use $HONEY?

Vault Liquidity Providers deposit $HONEY, which stores the cumulative sum in the Berps Vault. This allows traders to borrow from the Vault to create and settle trades.

For users that deposit their $HONEY, they receive a corresponding token amount of $bHONEY.

If a trader gets liquidated in $HONEY, that amount is distributed to the $bHONEY Vault (minus a small fee to the liquidator) and a small percentage of that liquidation goes to the foundation.

$HONEY is the only asset that Berps accepts to place a trade.

Where Can I Get $HONEY?

$HONEY can be swapped for other assets through Berachain Honey Swap or the Beracahin BEX.

Berachain Honey Swap

https://bartio.honey.berachain.com//

Berachain BEX Swap

https://bartio.bex.berachain.com//

Additional means to buy $HONEY are coming soon, and users can use Berachain's canonical bridge (LayerZero) to bridge over assets.