Bm folks,

Some members of the APAC community were worried about $HONEY collateral.

Please note that as always, it's fully collateralized with vault addresses visible on https://t.co/e3cbbA5JP3

BYUSD: https://t.co/4yszDw0TOR

USDC:

https://t.co/RQWAkYCICT

Right now the collateral is primarily BYUSD (bridged Paypal USD). If someone is looking to redeem this, they could either bridge to Eth and swap it on the Curve pool, or send it to Coinbase/OKX/Bybit/Crypto.com/Kraken to offramp directly.

We'll be doing our best to make this easier from Berachain in the future, but until then, we'll focus on being pro-active on messaging. If anyone needs help, please feel free to reach out to myself, or our team via DMs.

Berachain.