Honeypot Finance Emerges as a Leading PoL Accelerator in the Berachain Ecosystem

It has been a remarkable year for Honeypot Finance as it emerges as a leading PoL (Proof-of-Liquidity) accelerator within the Berachain ecosystem

Honeypot Finance, a Proof-of-Liquidity (PoL) accelerator, has had a remarkable year in the Berachain ecosystem with its Fair Token Offering (FTO).

As a testnet for decentralized launches, Honeypot has facilitated over 3000 launches, attracting 800k+ users to hold tHPOT. The testnet has also seen more than 1 million swaps, boosting on-chain activity.

Here are three key developments from 2024 that highlight Honeypot Finance's role as a leading PoL accelerator, riding on the hype created by Dreampad:

March: HoneyGenesis NFTs Minted Over $2M In 2 Days

The year kicked off with the rise of the HoneyGenesis NFT collection in March. HoneyGenesis, a Gen-0 collection of 6,000 NFTs, drove increased community interaction on Honeypot Finance.

A total of $2M+ NFTs were minted in just 2 days, making it the second leading collection in the Berachain ecosystem. HoneyGenesis NFT holders benefit from Dreampad’s revenue-sharing model, gamified staking through BeraFarm, and exclusive rewards from the pot2pump MEME Launch Model.

September: Joining Hands With Fjord Foundry To Revolutionize Token Launches On Berachain

The increasing testnet activity via Honeypot Finance led to a partnership with Fjord Foundry in September, aiming to transform the token launch landscape for projects within the Berachain ecosystem.

The partnership will see Honeypot's upcoming Fair Token Offering model integrate with Fjord Foundry's Liquidity Bootstrapping Pools and Fixed Price Sales, offering a versatile suite of launch mechanisms.

Together, they will streamline participation in Berachain token launches across both platforms, making the process seamless and efficient. Both parties will collaborate on identifying and supporting high-potential projects, driving meaningful launches on Berachain, and fostering long-term community engagement.

The alliance is already seeing success with the recent sell-out launch of Berally ($BRL), raising over $1.3M. Fjord Foundry has also raised over $1B for its partner projects to date. With the Bera mainnet set to go live soon, the partnership could serve as a major liquidity magnet for the much-hyped chain.

October: Pot2Pump $4M Incentive Plan Revealed

This bull run has seen the net worths of individuals double with several memecoins skyrocketing. Memecoins are set to bring more retail liquidity on-chain.

Keeping that in mind, Honeypot Finance tweaked FTO further to introduce its Pot2Pump meme launch platform. The model has been designed to overcome the Bonding Curve's limitations.

Pot2Pump incorporates fair launch principles with robust liquidity management features to support sustainable token launches. The highlight of the model is that it will allocate up to $4 million in community rewards, fostering widespread participation.

Pot2Pump also ensures that contributors will not face any financial loss if a launch fails to meet the $20,000 market cap threshold.