Onchain Yield Coin (ONyc), a yield-bearing, stablecoin-backed asset issued by OnRe, is now dwell on Kamino, Solanaʼs largest DeFi cash market. The combination offers stablecoin holders entry to yield methods backed by real-world threat, providing uncorrelated returns, on the spot liquidity, and native composability throughout Solana DeFi.
Accessing Capital-Environment friendly Yield
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:
● Earn 16% base yield uncorrelated to crypto volatility
● Leverage ONyc as collateral for borrowing, lending, or looping
● Entry 24/7 liquidity to enter or exit positions at any time
● Monitor NAV in actual time with onchain, verifiable pricing information
Collectively, these capabilities make ONyc a robust entry level for stablecoin holders searching for real-world yield with transparency and onchain flexibility.
The combination of ONyc into Kamino is powered by Chainlinkʼs Onchain NAV answer, which sources ONycʼs internet asset worth from OnRe and delivers it in actual time by way of Chainlink Information Streams. This supplies tamper-resistant pricing and allows safe collateralization throughout Solana DeFi, supporting reinsurance-backed yield methods with verifiable, onchain fund valuations.
“ONyc delivers real-world yield to Solana with the transparency, liquidity, and composability DeFi was constructed for,ˮ stated Dan Roberts, Co-Founder and CEO of OnRe. “Solana has develop into a hub for capital innovation, and Kamino continues to set the bar for the way real-world belongings ought to function onchain.ˮ
Incentives Designed for Early Participation
Along with Kamino, International Greenback Community, and Ethena, OnRe is launching incentives for early participation:
Borrowing Incentives
A $200K incentive pool is out there to decrease borrowing prices for early contributors.Customers who deposit ONyc as collateral to borrow USDG on Kamino earn borrowing rebates, lowering prices and creating extra room for optimistic yield spreads.
“This marks one of many first absolutely permissionless implementations of real-world yield distributed immediately onchain by means of DeFi,ˮ stated Nick Robnett at Paxos, on behalf of International Greenback Community. “We’re proud to assist ONycʼs launch on Solana and Kamino, leveraging USDG to advance OnReʼs imaginative and prescient of bringing real-world belongings with intrinsic worth onchain and making them accessible to a worldwide person base.ˮ
Leverage and Looping
Members can redeploy borrowed USDG to amass further ONyc or different belongings, growing publicity and unlocking larger returns by means of looping methods. Incentives to offset borrowing curiosity can be found on as much as $20M of complete borrowing quantity.
Ethena Factors Bonus
Holding ONyc unlocks a 5x Ethena Factors multiplier on qualifying sUSDe deposits, rewarding liquidity suppliers backing real-world, yield-bearing collateral.
Increasing Actual-World Yield Entry on Solana
By combining premium-backed returns from real-world belongings with DeFi-native flexibility, ONyc delivers a return profile thatʼs scalable, uncorrelated, and unavailable in conventional finance.
“One of the crucial thrilling issues for Kaminoʼs customers is onboarding prime quality collateral belongings, and ONyc is a superb instance of that. Entry to credit score and leverage for ONyc holders, powered by Kamino, is a superb instance of bringing DeFi utility to tokenize real-world investments,ˮ stated Mark Hull, a Kamino contributor.
With present yields at 16% and obtainable incentives, ONyc gives a high-performing various to conventional DeFi methods for stablecoin holders. Mint ONyc immediately on the OnRe app or swap immediately by means of Kamino Swap.
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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.
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 means of merchandise like automated liquidity vaults, the KLend 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 International Greenback Community
International Greenback Community is the world’s quickest rising stablecoin community with unmatched financial upside. Powered by International Greenback USDG, a US dollar-backed stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe, International Greenback Community gives a clear and equitable financial mannequin that rewards companions for his or her contributions. International Greenback Community companions embody trade leaders equivalent to Anchorage Digital, Bullish, Kraken, OKX, Paxos, Robinhood, Worldpay and extra. Observe: USDG is out there on Solana, Ink, and Ethereum.
About Chainlink
Chainlink is the spine of the blockchain trade, the worldwide customary for connecting blockchains to real-world information, different blockchains, governments, and enterprise techniques. Chainlink has enabled tens of trillions in transaction worth throughout the blockchain financial system, powering vital use instances throughout DeFi, banking, tokenized real-world belongings RWAs, cross-chain, and extra. Be taught extra by visiting chain.hyperlink.
Necessary: 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 equivalent 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 simply obtainable to certified traders. Entry could also be restricted in sure jurisdictions.
