Hamilton, Bermuda, August fifth, 2025, Chainwire
OnRe’s yield-bearing asset, ONyc, is now accepted as collateral inside Solana’s decentralized finance (DeFi) ecosystem. This growth permits the mixing of real-world yield sources into DeFi purposes. Incentive applications from USDG and Ethena have launched to scale back borrowing prices, improve yield alternatives, and assist using real-world collateral onchain.
Onchain Yield Coin (ONyc), a yield-bearing, stablecoin-backed asset issued by OnRe, is now reside on Kamino, Solana’s largest DeFi cash market. This integration marks the primary time reinsurance-backed yield is getting used as onchain collateral in Solana DeFi, opening entry to real-world threat by means of a composable, liquid, and resilient asset.
A New Type of Yield in DeFi
Kamino secures over $700M in stablecoin TVL and underpins liquidity and capital methods throughout the Solana ecosystem. With ONyc now reside on Kamino, customers can:
- Leverage ONyc as collateral for borrowing, lending, or looping methods
- Earn ~14%+ base yield uncorrelated to crypto volatility
- Enter or exit positions 24/7 with onchain liquidity
- Observe NAV in actual time by means of verifiable pricing information
Collectively, these capabilities make ONyc a robust software for capital deployment throughout market circumstances. By enabling lending, borrowing, and looping in a completely composable method, ONyc brings real-world yield into energetic use throughout Solana’s DeFi ecosystem.
The mixing is powered by Chainlink’s Onchain NAV answer, which sources ONyc’s web asset worth from OnRe and delivers it in actual time by way of Chainlink Knowledge Streams. This ensures tamper-resistant pricing and permits safe collateralization, supporting reinsurance-backed methods with verifiable, onchain fund valuations.
“ONyc’s launch on Kamino marks a broader shift in DeFi, bringing real-world yield to Solana with the transparency, liquidity, and composability the ecosystem was constructed for,” mentioned Dan Roberts, Co-Founder and CEO of OnRe. “It introduces a brand new class of collateral designed to carry out by means of market cycles and assist sustained DeFi exercise. Solana has grow to be a hub for capital innovation, and Kamino continues to set the usual for a way real-world belongings ought to function onchain.”
Incentives Designed for Early Participation
To encourage early adoption, OnRe is launching incentive applications in collaboration with Kamino, World Greenback Community, and Ethena:
Borrowing Incentives
A $200K rewards pool is offered to decrease borrowing prices for customers who deposit ONyc as collateral to borrow USDG on Kamino. This reduces prices and creates room for extra favorable yield spreads.
“This marks one of many first totally permissionless implementations of real-world yield distributed immediately onchain by means of DeFi,” mentioned Nick Robnett at Paxos, on behalf of World Greenback Community. “We’re proud to assist ONyc’s launch on Solana and Kamino, leveraging USDG to advance OnRe’s imaginative and prescient of bringing real-world belongings with intrinsic worth onchain and making them accessible to a worldwide person base.”
Looping Methods
Contributors may redeploy borrowed USDG to accumulate further ONyc or different belongings, rising publicity and unlocking greater returns. Incentives apply on as much as $20M in whole borrowing quantity.
Ethena Factors Multiplier
As well as, OnRe is providing a 5x Ethena Factors multiplier to ONyc holders on qualifying sUSDe deposits, unlocking further rewards for these offering real-world yield collateral.
Integration of Actual-World Yield Mechanisms in DeFi
ONyc integrates premium-backed yield from real-world belongings with decentralized finance (DeFi) infrastructure, enabling an onchain construction designed to assist scalability and diversification past conventional monetary devices.
“One of the vital thrilling issues for Kamino’s customers is onboarding prime quality collateral belongings, and ONyc is a good instance of that. Entry to credit score and leverage for ONyc holders, powered by Kamino, is a good instance of bringing DeFi utility to tokenize real-world investments,” mentioned Mark Hull, a Kamino contributor.
With base yields above 14% and increasing utility throughout Solana, ONyc provides customers a high-performing various to conventional DeFi methods. Mint immediately on the OnRe app or swap immediately utilizing Kamino Swap within the OnRe Market.
About Kamino
Kamino Finance is the biggest cash market on Solana, with over $4B in belongings deployed throughout its suite of credit score, leverage, and liquidity merchandise. By way of merchandise like automated liquidity vaults, the Ok-Lend lending market, and instruments for superior buying and selling methods, Kamino helps customers and establishments deploy capital effectively. Kamino is the go-to platform for funds, market makers, and stablecoin issuers working at scale on Solana.
About World Greenback Community
World Greenback Community is the world’s quickest rising stablecoin community with unmatched financial upside. Powered by World Greenback (USDG), a US dollar-backed stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe, World Greenback Community provides a clear and equitable financial mannequin that rewards companions for his or her contributions. World Greenback Community companions embrace business leaders akin to Anchorage Digital, Bullish, Kraken, OKX, Paxos, Robinhood, Worldpay, and extra. Be aware: USDG is offered on Solana, Ink, and Ethereum.
About Chainlink
Chainlink is the spine of the blockchain business, the worldwide normal for connecting blockchains to real-world information, different blockchains, governments, and enterprise methods. Chainlink has enabled tens of trillions in transaction worth throughout the blockchain economic system, powering important use circumstances throughout DeFi, banking, tokenized real-world belongings (RWAs), cross-chain, and extra. Customers can study extra by visiting chain.hyperlink.
About OnRe
OnRe bridges the reliability of the $750B international reinsurance market with the transformative energy of blockchain. Licensed to deploy digital belongings as insurance coverage collateral, OnRe gives a brand new class of buyers with direct entry to constant real-world yield by means of structured merchandise designed to carry out throughout market cycles. With a deal with transparency, scalability, and capital effectivity, OnRe is remodeling how capital is deployed, bringing alternative to a system that has traditionally been out of attain.
Disclaimer: This announcement is for informational functions solely and doesn’t represent a suggestion to promote or a solicitation to purchase any securities or digital belongings. ONyc could also be accessible by way of decentralised protocols akin to Kamino, however OnRe doesn’t function or management any secondary marketplace for the token. Secondary buying and selling happens independently of OnRe. Capital is in danger. Redemption with OnRe is barely out there to certified buyers. Entry could also be restricted in sure jurisdictions.
Contact
Head of Operations
Sarah George
OnRe
[email protected]