Honey (HONEY) stablecoin analytics
Answer First
What is HONEY?
Honey is Berachain's native fully-collateralized dollar token, minted 1:1 against approved stable assets where some routes carry mint/redeem fees. The static profile records its US Dollar peg mechanism as: Direct 1:1 mint/redeem against centralized stablecoin collateral with Basket Mode safety
Is HONEY safe?
HONEY holds a C Safety Score grade (56/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Honey uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with Real-Time PoR from Berachain HoneyFactory; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Honey (HONEY) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Sep 7, 2026
HONEY is Berachain's native dollar, minted 1:1 through the HoneyFactory against a governance-approved basket of USDC.e, USDT0, BYUSD, and USDe held in dedicated collateral vaults. The redemption backstop with atomic settlement is the headline: HONEY can always be unwound into its constituent stablecoins, and Basket Mode works like a multi-asset PSM, which is more than most basket tokens offer. What the listing pages miss is the actual mix. At the July 2026 on-chain capture the registered vaults held USDe almost...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Berachain HONEY collateral and vault documentation and HoneyFactory read contract (Berascan)
- Collateral
- 1:1 basket of USDC.e, USDt0, BYUSD, and USDe on Berachain
- Peg Mechanism
- Direct 1:1 mint/redeem against centralized stablecoin collateral with Basket Mode safety
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- Real-Time PoR by Berachain HoneyFactory Reserve source
- Contracts
- 1 deployment tracked across Berachain.
Next Actions
Exact bot target: /subscribe dews,depeg,safety honey-berachain
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
HONEY quick answers
What is HONEY?
Honey is Berachain's native fully-collateralized dollar token, minted 1:1 against approved stable assets where some routes carry mint/redeem fees. The static profile records its US Dollar peg mechanism as: Direct 1:1 mint/redeem against centralized stablecoin collateral with Basket Mode safety
Is HONEY safe?
HONEY holds a C Safety Score grade (56/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Honey uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with Real-Time PoR from Berachain HoneyFactory; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs HONEY?
Pharos classifies HONEY backing as Crypto-Collateralized. Collateral, per the static profile: 1:1 basket of USDC.e, USDt0, BYUSD, and USDe on Berachain Reserve evidence: Real-Time PoR from Berachain HoneyFactory.
Can HONEY be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for HONEY, when applicable, appear in the dossier below.
