Berachain Lianchuang: HONEY tokens are fully guaranteed by the vault address visible on the Honey official website

Odaily News Berachain co-founder Smokey The Bera wrote on X: "It has been noted that some members of the APAC community are concerned about the risk of HONEY collateral. HONEY is fully managed in the vault address visible on Honey, and now the collateral is mainly BYUSD (bridged to Paypal USD). If someone wants to redeem it, they can bridge Eth and exchange it on the Curve pool, or send it to Coinbase/OKX/Bybit/Crypto.com/Kraken for redemption. We will do our best to make Berachain easier to do this in the future, but before that, we will focus on sending messages proactively."