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 attracted over $1B in RWA deposits across its markets on Kamino & other platforms.
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Has attracted over $1 billion in RWA deposits across its markets on Kamino, alongside Figure, Superstate, Huma, and Apollo.
ONyc loop available on DeFiCarrot offering 18.69% APY with 6x ONRe points.
ONyc yield trading available on RateX offering 14.18% APY with 5x ONRe points.
Contributed a significant portion of the over $1.6 billion in RWA volume processed through Raydium, alongside xStocks and Figure's PRIME.
Listed as an example of a DeFi protocol offering reinsurance yields alongside other yield farming options.
Achieved $613.1 million in total value through its yield-bearing token ONyc in the Solana RWA sector.
Increased ONyc deposit cap in OnRe Market on Kamino from $50M to $75M; market crossed $100M, ranking as Kamino's 3rd largest RWA market.
Offering $10,000 USDC in incentives on Kamino.
Included in a Solana ecosystem playbook recommendation for Q1 2026, specifically mentioning minting ONyc with USDC as one of suggested activities.
raises USDC vault cap to $20M with 9% APR on Loopscale; offers ONyc/USDC liquidity pool with 11.62% APY and 6x ONRe points.
Reached $133.33M TVL for ONYC RWA Yield pool on Solana, with 10.18% current APY and 10.19% 30-day average APY, derived from 2.9% collateral yield and 7.4% reinsurance underwriting premiums.
Listed RWA yield-bearing asset ONyc on Exponent Finance yield exchange on Solana, offering 16% yield, $2.4M liquidity for 41 days, and 5x ONRe points. Asset features reinsurance-backed fixed maturity, token splitting into Income (PT-ONyc) and Yield (YT-ONyc) tokens, with Loopscale collaboration.
Runs a points system for users to mint ONyc and use in DeFi strategies to earn points, offering a 5x multiplier to liquidity providers in the ONyc pool on Exponent Finance.
Reached $143M in AUM, growing consistently since June 2024.
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.
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.
Integrated zero-cost USDC borrowing and 22% APY yield farming via ONyc looping strategy into RockawayX RWA Vault on Kamino with 6x points for real-world asset exposure on Solana.
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.