⛓️HoneyPool on BeraChain
Berachain offers fast transactions, low fees, and leverages the security the Ethereum network provides.
All you need to use HoneyPool on Berachain is a crypto wallet, ETH for gas fees, and USDC to deposit into the protocol.
Adding Berachain to your wallet
Berachain is EVM-equivalent. That makes it easy to use with many existing Ethereum wallets.
If you are using Metamask: The easiest way to add Berachain to your wallet is by using Chainlist. Simply connect your wallet and tap on “Add to Metamask”.
How to Deposit
Depositing into HoneyPool for the first time only includes three simple steps. Head to the Deposit tab in the HoneyPool App or follow this link (UPDATE WHEN TESTNET LIVE).
Step 1: Enter deposit amount & review.
Using HoneyPool is simple! First, make sure you are on the Berachain network. Enter the amount of USDC you want to deposit and click on Review deposit.
The estimated average APR is a rough estimate based on the current TVL and daily prizes.
Step 2: Approve USDC tokens.
The token approval does not make a deposit yet; it simply enables the protocol to use the tokens in your wallet. This is a one-time approval process per network.
To deposit into the Prize Pool, you need to allow the HoneyPool protocol to access the USDC tokens in your wallet. This happens through an approval transaction to the HoneyPool Prize Pool contracts.
Click on Confirm approval in the HoneyPool App and confirm the transaction in your wallet.
Step 3: Deposit USDC.
The "Deposit Confirmation" screen will automatically load after the approval transaction is completed. Click on Confirm deposit and confirm the deposit transaction in your wallet.
After the transaction has been submitted, you will be forwarded to the "Deposit submitted" screen. You are now eligible for all future draws
To reflect your HoneyPool deposit, you will receive the HPaBeraUSDC ticket token. You can add it to your wallet with the information below:
Checking for Prizes
Prizes must be claimed within 60 days of them being awarded. Unclaimed prizes will no longer be claimable after 60 days.
Now that you have a HoneyPool deposit, you can check what prizes you won on the Prizes tab of the HoneyPool App.
You have up to 60 days to claim a prize whenever you win. Claiming a prize will cost a transaction fee. Multiple prizes can be claimed at once.
Follow this link "insert link here" for information about prizes and winning.
How to Withdraw
You can withdraw your deposit from HoneyPool in the Account tab of the HoneyPool App at any time.
To withdraw, choose a deposit and click on Withdraw. Next, enter the amount you want to withdraw and click Review withdrawal. On the next screen, hit Confirm withdrawal and confirm the transaction in your wallet.
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