The Good Tech Companies - Honeypot Finance Emerges As Leading Protocol On Berachain Testnet

Episode Date: October 21, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/honeypot-finance-emerges-as-leading-protocol-on-berachain-testnet. Honeypot Finance boosts DeFi on Berachain with PoL, FTO model, and key partnerships, driving secure, community-led liquidity sourcing ahead of mainnet launch. Check more stories related to tech-stories at: https://hackernoon.com/c/tech-stories. You can also check exclusive content about #honeypot-finance, #proof-of-liquidity, #fair-token-offering, #berachain-testnet, #defi-liquidity-sourcing, #anti-rug-pull-mechanism, #decentralized-finance, #good-company, and more. This story was written by: @zexprwire. Learn more about this writer by checking @zexprwire's about page, and for more stories, please visit hackernoon.com.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Honeypot Finance emerges as leading protocol on Barachain Testnet by ZEX Media. Honeypot Finance, the creator of the first community-led proof-of-liquidity poll accelerator on Barachain, continues on its quest to become the leading protocol on BR Show Testnet through its FAIR token offering, FTO, launch model. Attracting more and more users through its anti-rug pull liquidity sourcing mechanism, the Honeypot Finance Testnet has facilitated over 3,000 launches, attracting 800k plus users to hold THPot. More than 1 million swaps have been performed on the testnet so far, offering a major boost to on-chain activity on

the Barachain Testnet. Coupled with-chain activity on the Barachain testnet. Coupled with the phenomenal growth on the Barachain testnet, Honeypot has strengthened its position and bolstered its activity even further with several exciting updates recently integrating DEX and reward vaults with Poll. Continuing its efforts as a Poll accelerator, Honeypot Finance has integrated its DEX and rewards vault on BR Show with Poll, allowing users to delegate and validators to emit $BGT. With initial validator emissions coming in from Ghostand DOUBLETOP, Honeypot Finance is primed to showcase everything Faberachain's innovative architecture is capable of. Key industry partnerships to fuel increased awareness.

Following its recent surge in on-chain activity on Barachain's testnet, Honeypot Finance has formed partnerships with key players in the DeFi space, including Fjord Foundry, Interpol, Infrared Finance, and Yeet Bonds, further reflecting its growing success and influence. Fjord Foundry will combine Honeypot's upcoming FAIR token offering FTO model with their liquidity bootstrapping pools and fixed-price sales, unlocking a comprehensive suite of launch mechanisms tailored to the needs of different projects. The partnership unlocks seamless participation

in Barachain launches through both Honeypot and Fjord Foundry's platforms. Further, Honeypot and Fjord Foundry have joined hands to identify and support top-tier projects, amplifying the impact of new launches on Barachain through sustained community interaction. On the other hand, Honeypot Finance has integrated with the honey jars Interpo Elto provide enhanced protection for bearers through bullish rootproofing. This means whenever a project is launched on Honeypot Finance, its liquidity can be automatically locked into Interpol, safeguarding the LP against downside risks. Through Yeet Bonds, Honeypot Finance has eliminated the need to swap tokens via liquidity pool for big holders. This enables them to sell

and buy tokens without swapping, thereby avoiding slippage and price impact. Collaboration with Infrared Finance further enhances Honeypot's offerings with features like boosted yields, liquidity vaults, and a comprehensive suite of launch mechanisms for token launches, driving sustained activity and community engagement on Barachain. The integration involves adding Honeypot Finance Tokensto Infrared Finance Vaults on BR Show. This allows users to deposit WBER ATHPO TAND unlock $IBGT rewards. Community-centric APPROACH Honeypot Finance has successfully completed the request for proposal, RFB. The platform has decided to allocate 100% of $BARA allocation as a reward for their loyalty and support of the program thus far. The initial allocations will

be split among a massive 20,000 active users, with rewards for NFT holders, early private tastenators, public testnet participants, poll supporters with THPot staking, Dreampad launches and Henlo DEX traders. This serves as an additional factor triggering increased platform interaction within the Barachain ecosystem. Mainnet out soon as the hype around the Honeypot Finance testnet gains momentum, boosting on-chain activity on top of Barachain, the platform is primed for the mainnet launch, but with user security in focus. All of their smart contracts with all FTO models including custom hooks and integration with Henlo Dex are under audit by Hashlock. Once the mainnet is out, it would be interesting to see how the testnet success translates. The road ahead. While there has been sustained hype around the launch of the Barachain testnet,

Honeypot Finance, through its lucrative DreamPad, has contributed significantly to sustained activity. The key partnerships with Fjord Foundry, Interpol, and Yeet Bonds have ensured a win-win environment for all the stakeholders, retail USERS, liquidity providers, and projects. At a time when rug pulls and fragmented liquidity engulf DeFi, Honeypot Finance continues to deliver what IT promised through its revolutionary FTO. With sustained user activity and a growing list of partnerships, Honeypot Finance is positioned to remain a key player on Barachain over the long term. Thank you for listening to this Hackernoon story, read by Artificial Intelligence. Visit hackernoon.com to read, write, learn and publish.