Vault

The HONO Vault

The HONO vault is the backing for the HONO token and is at the center of all transactions associated with the platform.

In HONO V2, the backing asset has been changed to wstETH.

The vault receives a portion of fees collected on each transaction in all revenue generators.

This results in the value of HONO increasing as a function of total platform transaction volume. In other words, the value of the vault (disregarding HONO in circulation), denominated in wstETH, will only increase.