what's Onchain Yield Coin?
Onchain Yield Coin (ONYC) is the native token of the OnRe platform, an onchain asset management protocol designed to bring institutional-grade yield opportunities to decentralized finance (DeFi). It enables users to access reinsurance-based yield mechanisms through permissionless channels, integrating real-world yield assets like those from traditional finance into blockchain ecosystems. This allows DeFi participants to earn yields backed by diversified, low-risk strategies while maintaining the composability and transparency of onchain protocols. Technically, ONYC facilitates liquidity provision and reward accrual in pools on platforms like Orca, a Solana-based DEX, where liquidity providers (LPs) can stake and earn additional incentives. The token supports broader DeFi strategies by tokenizing yield-bearing positions, enabling seamless trading, staking, and integration with other protocols. OnRe's architecture emphasizes regulatory compliance and global accessibility, positioning ONYC as a bridge between traditional reinsurance markets and Web3 financial tools.
ONyc reached $40M AUM, with its minting APY at 13%.
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solana
Achieved total value of $613.1 million through its yield-bearing token ONyc in Solana's RWA sector.
Featured in Solana Q1 2026 playbook for minting ONyc with USDC and depositing SOL for yield.
Smart Money accumulated $5,000 in ONYC on Solana over 24 hours, ranking fifth by net inflow.
Crossed $100M market size on Kamino's OnRe Market, allowing 60% LTV and 2.5x leverage.
Offers 13% APY for minting, with a maximum 18.9% APY on its leveraged yield product via DeFiCarrot.
Smart money net inflows of +$10K over the past 24 hours, ranking 5th among tracked Solana tokens.
Ranked among top 5 assets by transfer volume on Solana for tokenized funds, stocks, and commodities in March 2026, reaching $104.66M distributed asset value, 3,075 holders, $299.37M monthly transfer volume, and 2,848 active addresses.
Liquidity exceeds $10M on both Orca and Raydium venues, backed by an active NAV-stabilizing strategy that maintains tight pricing during volatility. Two-path minting system provides institutional users full redemption rights while public users purchase at NAV through the DEXs.
Orca integration provides liquidity for ONyc with LP rewards program featuring OnRe points, $JTO, and $ORCA tokens.
Initial cap filled in 48 hours; caps raised to $4.5M with new $30K monthly USDG borrower incentives program.