Represents the value derived from its stable exchange ratio, enabled by a mint-and-burn mechanism that ensures dependability. This process allows HONEY to be minted from or burned for USDC or BYUSD at a 1:1 ratio, minus fees.
[5] = ƒ(collateral_exchange_rate, mint_burn_volume, total_honey, basket_model_impact)
collateral_exchange_rate: Represents the effective exchange rate between HONEY and its collateral assets (e.g., USDC, BYUSD).mint_burn_volume: Reflects the total volume of minting and burning activities for HONEY.total_honey: Represents the total number of HONEY tokens in circulation.basket_model_impact: Captures the effect of Basket Mode on HONEY’s value. When Basket Mode is active (due to collateral depegging), redemption shifts to a proportional basket of all collateral assets, which can impact HONEY’s dependability and perceived value.