PANews reported on May 19 that Smokey The era, a co-founder of Berachain, posted on the X platform: “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 (bridge version PYUSD). 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, and we will do our best to make it easier for Berachain to do this in the future.”