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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 improvement permits the combination of real-world yield sources into DeFi functions. Incentive packages from USDG and Ethena have launched to cut 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 dwell 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 dwell 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 strong software for capital deployment throughout market situations. By enabling lending, borrowing, and looping in a totally composable means, 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 internet asset worth from OnRe and delivers it in actual time through Chainlink Information 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 packages in collaboration with Kamino, World Greenback Community, and Ethena:

Borrowing Incentives

A $200K rewards pool is on the market 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 straight 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

Members can even redeploy borrowed USDG to amass further ONyc or different belongings, growing 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 thrilling issues for Kamino’s customers is onboarding top 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 offers customers a high-performing different to conventional DeFi methods. Mint straight 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 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 presents a clear and equitable financial mannequin that rewards companions for his or her contributions. World Greenback Community companions embody trade leaders resembling Anchorage Digital, Bullish, Kraken, OKX, Paxos, Robinhood, Worldpay, and extra. Notice: USDG is on the market on Solana, Ink, and Ethereum.

About Chainlink

Chainlink is the spine of the blockchain trade, the worldwide normal for connecting blockchains to real-world information, different blockchains, governments, and enterprise programs. Chainlink has enabled tens of trillions in transaction worth throughout the blockchain economic system, powering crucial 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 world reinsurance market with the transformative energy of blockchain. Licensed to deploy digital belongings as insurance coverage collateral, OnRe supplies a brand new class of traders with direct entry to constant real-world yield by means of structured merchandise designed to carry out throughout market cycles. With a concentrate on 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 proposal to promote or a solicitation to purchase any securities or digital belongings. ONyc could also be accessible through decentralised protocols resembling 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 simply out there to certified traders. Entry could also be restricted in sure jurisdictions.