Honey Finance is a cross-chain protocol for NFT lending/borrowing. The protocol also features NFT pools and NFT yield farming with the $HONEY token.
DAOs can use Honey to create lending markets for NFT collections, allowing lenders and borrowers to match in isolated risk markets (IRMs). Loans are set using a variable interest rates defined by how much liquidity is available to borrow.
The $HONEY token serves as governance for the project and can be vested into veHONEY. Honey genesis NFTs receive part of all the yield generated by the platform and have access to early and experimental features.
Where is Honey Finance available for purchase?
You can exchange HONEY tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Honey Finance is Orca, notably the HONEY/USDC pair, which saw a trading volume of $ 0.06769 in the past day.
What is the highest value Honey Finance (HONEY) has ever reached?
Honey Finance (HONEY) reached its peak price at 0.06025 $ on 02 May 2023, approximately 3 years ago ago. Presently, the current price is -99.01% lower than this all-time high.
What is the historical minimum price for Honey Finance (HONEY)?
The minimum price reached for Honey Finance (HONEY) was 0.0000749 $, documented on 24 November 2023, more than 2 years ago. In comparison, the current price is 694.64%, it above this historical low.
What is the fully diluted valuation of Honey Finance (HONEY)?
The fully diluted valuation (FDV) of Honey Finance (HONEY) stands at $ 595,194. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of HONEY tokens. The realization of this FDV might take several years depending on the emission schedule of HONEY tokens.