ChainCatcher message, Honeypot Finance announced the completion of its upgrade from AMM perpetual to Full-Stack Perpetuals DEX, while launching Orderbook Perps, supported by cross-chain Depth Liquidity from Orderly Network. This upgrade means that Honeypot has entered the era of dual execution engines:
The order book model is now live (BSC / Berachain / Base synchronized support); The AMM model is about to launch, continuing the protocol's native tiered treasury (Senior/Junior Vault) and fair liquidation mechanism.
Unlike single-route perp DEXs like Hyperliquid, GMX, and Lighter, Honeypot's Full-Stack structure can maintain transactions during high volatility and achieve risk isolation and stable returns through Oracle-Bands and ERC-4626 layered vaults. The Honeypot team stated: “This marks the transition of on-chain perpetuals from a single engine to an infrastructure-level multi-execution model.”