Gm, rice!

$HONEY is always 100% collateralized and backed by stablecoin assets such as BYUSD and USDC.

You can check it in real-time at honey.berachain.com.

For redemption, you can cross-chain to Ethereum and exchange on Curve, or send to platforms like Coinbase / OKX / Bybit / Crypto.com / Kraken for direct redemption.