what's OnRe?
OnRe is a DeFi protocol that tokenizes reinsurance assets to bring real-world yield onchain, enabling users to access institutional-grade returns uncorrelated with traditional crypto markets. It operates by partnering with regulated reinsurers to collateralize premiums, generating stable yields from diversified risk pools in the $700B+ reinsurance industry. The protocol uses blockchain oracles like Chainlink for transparent, onchain net asset value (NAV) tracking, ensuring trust and verifiability. At its core, OnRe issues ONyc, a yield-bearing stablecoin pegged to USD and backed by reinsurance revenue streams. Users can supply assets like USDS to earn yields, trade ONyc derivatives (e.g., Pendle-style PT/YT for fixed or leveraged exposure), or provide liquidity on DEXs like RateX for additional rewards. The NAYM token serves as the governance and utility token, allowing holders to participate in protocol decisions and capture value from ecosystem growth. Built on Solana for efficiency, OnRe removes legacy barriers in reinsurance, democratizing access to high-quality, real-economy yield while maintaining compliance through tokenized structures and KYC-optional global access pools.
OnRe achieved $71M TVL on Solana, highest in the yield-bearing token category.
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Achieved $71M TVL in the yield bearing token category on Solana, ranking as the highest protocol by TVL in this category.
ONyc listed on Exponent Finance offering 16% yield with $2.4M liquidity for 41 days.
Platform introduces a points system for users. (Tweet ID: 1999856346028736810)
ONyc crosses $40M in Assets Under Management.
OnRe participates in invite-only mixer at Solana Breakpoint on December 12th at 3 PM alongside Rockaway_X, Exponent Finance, Squads Protocol, Solsticefi, and Blockworks.
Platform manages $104.66M in distributed asset value with 3,075 holders and $299.37M in monthly transfer volume across 2,848 active addresses.
Dual redemption paths established: institutional users get full redemption rights while retail users access OnYC at NAV through Orca or Raydium, with liquidity exceeding $10M per venue backed by an active NAV-stabilizing strategy.
Crypto trader reviewing Solana stablecoins labels ONyc as "way too risky" due to corporate debt structure and reinsurance underwriting counterparty risk, stating they wouldn't lend USDC against ONyc collateral for fear of bad debt.
Orca integration creates liquid market for ONyc; LPs earn OnRe points, $JTO, and $ORCA rewards.
New zero-cost USDC borrowing and 22% APY yield farming opportunity available through KaminoFinance partnership with ONyc looping strategy.
Market caps increased by 50% to 6M following high demand; new Kamino Multiply integration enables 2x leverage on reinsurance yields.
Launching competitive offchain yield products for DeFi users on Solana.
Integrates Chainlink infrastructure as part of multi-chain development initiative
Integrates Chainlink Onchain NAV on Solana, enabling regulated tokenized reinsurance with offchain data access.