728×90 Leaderboard

FreeMedium RiskSolanaVerified

OnRe Finance

Regulated on-chain reinsurance company on Solana that tokenizes real-world reinsurance premiums into ONyc — a liquid, composable, yield-bearing dollar asset.

4/5

Potential

10–14%+ APY

No widely publicized high minimum. ONyc is designed to be liquid and composable

Start Earning

Potential

10–14%+ APY

Risk

Medium Risk

Rating

4/5

Best For

Users seeking regulated real-world reinsurance yield that remains usable as DeFi collateral

TVL / AUM

~$230–240M+

Current ONyc APY

~11.7%

Holders

~7,500+

Target market

$800B+ global reinsurance

Protocol Overview

OnRe is a Bermuda-licensed (BMA) collateralized reinsurer and on-chain asset manager. Users deposit capital that collateralizes real-world reinsurance underwriting. In return they receive ONyc, a yield-bearing token whose NAV grows from reinsurance premiums + collateral returns. ONyc is built for DeFi composability (collateral in lending, looping, etc.) on Solana. Yield is intended to be relatively uncorrelated to crypto markets.

Available Pools

Core ONyc yield-bearing token
Integrations with Solana DeFi (Orca, Kamino, etc.)
Potential structured strategies using ONyc as collateral

Risk Factors

Real-world reinsurance claim / underwriting risk
Counterparty and regulatory structure risk
Smart contract risk on Solana
Liquidity / redemption dynamics
NAV can be adjusted for claims

Minimum Deposit / Lock Period

No strict public minimum for core participation. ONyc aims for liquidity; check app for current redemption terms and any fees.

Responsive

💰 Yield Pools & APY

Asset / PoolAPYTVLLockNotes

ONyc (core)11–14%NoneReinsurance premiums + collateral

Base target10–16%NoneUnderwriting performance focused

Comparison yields4.5–6%Nonevs treasuries / private credit

🛂 Eligibility Requirements

walletSolana wallet
regionSome products or regions may have restrictions
kycNo universal retail KYC barrier widely advertised for core ONyc access

Realistic Yields

Realistic current yields for ONyc holders are in the 11–13% range based on recent data, driven by actual reinsurance premiums rather than emissions. This is competitive versus other RWA and stablecoin yields and is marketed as more stable/uncorrelated. Hidden costs include the small redemption fee and any underlying operational costs. Strong option for users seeking real-world yield with DeFi composability, but reinsurance risk is real — not a risk-free product.

Advantages

Real regulated reinsurance yield (Bermuda-licensed)
Relatively uncorrelated to crypto market cycles
Liquid and composable ONyc token usable across Solana DeFi
Institutional backing and partnerships (Ethena, Solana, RockawayX, etc.)
Transparent on-chain settlement + real-world underwriting
Strong TVL growth into the hundreds of millions
SOC 2 Type II certification reported

Risks

Reinsurance underwriting and claim risk (real losses possible)
RWA / off-chain counterparty and operational risk
Smart contract risk
Redemption fee and potential liquidity constraints
Newer protocol relative to pure crypto blue-chips
Yield depends on underwriting performance (not guaranteed)

How to Start Earning

1
Connect Solana wallet on app.onre.finance
2
Buy or mint ONyc with supported stablecoins
3
Hold ONyc to earn yield via NAV appreciation
4
Optionally use ONyc as collateral in integrated DeFi protocols
5
Redeem when desired (note any fees)

Common Questions

What is OnRe Finance?

OnRe is a Bermuda-licensed on-chain reinsurance company that lets users access real-world reinsurance yields through the ONyc token on Solana.

What is ONyc and how does it earn yield?

ONyc is a yield-bearing dollar asset. Its value grows from reinsurance premiums collected on underwritten risk plus returns on the collateral backing the positions.

What APY can I expect?

Recent figures show roughly 11–14% base APY. Targets are often cited in the 10–16% range depending on underwriting performance. Yields are variable.

Is OnRe regulated?

Yes. It operates under Bermuda Monetary Authority licenses (including digital asset and insurance-related approvals) and uses a segregated account structure.

Can I use ONyc in other DeFi protocols?

Yes. ONyc is designed for composability and can be used as collateral in lending, borrowing, and other Solana DeFi strategies.

What are the main risks?

Reinsurance claim risk, smart contract risk, counterparty/operational risk from the real-world structure, and potential redemption frictions.

Similar Tools

Kamino Finance

freeMed RiskSolana

Solana’s leading lending, liquidity, and leverage protocol offering automated vaults, one-click Multiply strategies, curated yield, and growing RWA/institutional products.

4.4/5

~2–12%+

EtherFi Cash Earn / Liquid Vaults

freeLow RiskEthereum

Automated DeFi strategy vaults from ether.fi that put ETH, BTC, stablecoins, EUR, and RWAs to work across top protocols while staying liquid and usable with the ether.fi Cash card.

4.3/5

1.6–8.4%+ APY

Maple Finance

freeMed RiskEthereum (primary), with multi-chain presence/integrations (Solana, Base, Monad, etc. for syrup assets)

On-chain institutional credit marketplace offering permissionless access (via syrupUSDC/syrupUSDT/syrupUSDG) to yield from overcollateralized loans to vetted institutional borrowers.

4.3/5

~4–6%