Honey wallet

What is Honey (HNY)?

Honey is the currency 1Hive issues to fund itself. Instead of a treasury handing out grants by committee vote, proposals accumulate support over time: holders stake HNY behind the proposals they back, and the longer a stake stays on a proposal the more weight it builds, until the accumulated conviction crosses the threshold and issuance flows to it. Remove the stake and the conviction decays again. The design makes a steady, patient holder more influential than a large holder who shows up once.

HNY is native to Gnosis Chain, which is where the DAO operates and where fees are paid in xDAI rather than in the token. An Ethereum-side version exists through a bridge, and it is the same asset only in the sense that the bridge connects them: a balance sitting on Ethereum cannot be staked on a Gnosis proposal until it is brought across. Holders who only ever plan to vote are usually better off keeping it on the chain the DAO actually runs on.

The name is also shared. Hivemapper's HONEY on Solana and Berachain's HONEY are entirely different assets, and only HNY belongs to 1Hive.

A governance key is one you touch rarely and must not lose. Tangem builds the key inside the card's chip and signs there, so it is never copied onto the phone, and a duplicate card you set up at the same time restores the wallet if the first is lost, with a recovery phrase left as an option you can decline. Voting stakes measured in months deserve a key stored that plainly.

Supported networks in Tangem (2): Ethereum, Gnosis Chain.