Solana Ecosystem

<p>ONyc is a yield-bearing dollar asset on Solana issued by <a target="_blank" rel="noopener noreferrer nofollow" href="https://cryptorank.io/price/onre">OnRe</a> that represents proportional ownership in a reinsurance pool. ONyc is not stablecoin, designed to maintain a fixed $1 peg. It is a NAV-based, yield-bearing asset whose value changes based on underwriting performance (premiums, claims, reserving) and collateral yield. Returns for ONyc come from two sources: reinsurance premiums earned from underwriting and yield generated on the collateral reserves. ONyc is designed to be fully composable in DeFi — it can be used as collateral for lending, borrowing, and other strategies while maintaining liquidity mechanisms to track its net asset value. </p>

Onchain Yield Coin

ONyc is yield-bearing asset whose value changes based on underwriting performance (premiums, claims, reserving) and collateral yield.

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