{"id":40656,"date":"2025-08-06T05:31:55","date_gmt":"2025-08-06T05:31:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40656"},"modified":"2025-08-06T05:31:55","modified_gmt":"2025-08-06T05:31:55","slug":"onyc-launches-on-kamino-unlocking-real-world-yield-and-collateral-utility-in-solana-defi","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40656","title":{"rendered":"ONyc Launches on Kamino, Unlocking Real-World Yield and Collateral Utility in Solana DeFi"},"content":{"rendered":"<div>\n<p class=\"sc-jegxcv powTK\"><strong>[PRESS RELEASE \u2013 Hamilton, Bermuda, August 5th, 2025]<\/strong><\/p>\n<p>OnRe\u2019s yield-bearing asset, ONyc, is now accepted as collateral within Solana\u2019s decentralized finance (DeFi) ecosystem. This development enables the integration of real-world yield sources into DeFi applications. Incentive programs from USDG and Ethena have launched to reduce borrowing costs, enhance yield opportunities, and support the use of real-world collateral onchain.<\/p>\n<p>Onchain Yield Coin (ONyc), a yield-bearing, stablecoin-backed asset issued by <a href=\"https:\/\/onre.finance\/\" target=\"_blank\" rel=\"nofollow noopener\" data-wpel-link=\"external\">OnRe<\/a>, is now live on Kamino, Solana\u2019s largest DeFi money market. This integration marks the first time reinsurance-backed yield is being used as onchain collateral in Solana DeFi, opening access to real-world risk through a composable, liquid, and resilient asset.<\/p>\n<p><strong>A New Form of Yield in DeFi<\/strong><\/p>\n<p><a href=\"https:\/\/app.kamino.finance\/\" target=\"_blank\" rel=\"nofollow noopener\" data-wpel-link=\"external\">Kamino<\/a> secures over $700M in stablecoin TVL and underpins liquidity and capital strategies across the Solana ecosystem. With ONyc now live on Kamino, users can:<\/p>\n<ul>\n<li>Leverage ONyc as collateral for borrowing, lending, or looping strategies<\/li>\n<li>Earn ~14%+ base yield uncorrelated to crypto volatility<\/li>\n<li>Enter or exit positions 24\/7 with onchain liquidity<\/li>\n<li>Track NAV in real time through verifiable pricing data<\/li>\n<\/ul>\n<p>Together, these capabilities make ONyc a powerful tool for capital deployment across market conditions. By enabling lending, borrowing, and looping in a fully composable way, ONyc brings real-world yield into active use across Solana\u2019s DeFi ecosystem.<\/p>\n<p>The integration is powered by Chainlink\u2019s Onchain NAV solution, which sources ONyc\u2019s net asset value from OnRe and delivers it in real time via <a href=\"https:\/\/docs.chain.link\/data-streams\" target=\"_blank\" rel=\"nofollow noopener\" data-wpel-link=\"external\">Chainlink Data Streams<\/a>. This ensures tamper-resistant pricing and enables secure collateralization, supporting reinsurance-backed strategies with verifiable, onchain fund valuations.<\/p>\n<blockquote>\n<p>\u201cONyc\u2019s launch on Kamino marks a broader shift in DeFi, bringing real-world yield to Solana with the transparency, liquidity, and composability the ecosystem was built for,\u201d said Dan Roberts, Co-Founder and CEO of OnRe. \u201cIt introduces a new class of collateral designed to perform through market cycles and support sustained DeFi activity. Solana has become a hub for capital innovation, and Kamino continues to set the standard for how real-world assets should operate onchain.\u201d<\/p>\n<\/blockquote>\n<p><strong>Incentives Designed for Early Participation<\/strong><\/p>\n<p>To encourage early adoption, OnRe is launching incentive programs in collaboration with Kamino, Global Dollar Network, and Ethena:<\/p>\n<p><strong>Borrowing Incentives<\/strong><\/p>\n<p>A <a href=\"https:\/\/app.kamino.finance\/liquidity\/2cV6oNLjDqtyMJysHa2YpRDa2HmKK7e1V1ZZi2WsfE8b\" target=\"_blank\" rel=\"nofollow noopener\" data-wpel-link=\"external\">$200K rewards<\/a> pool is available to lower borrowing costs for users who deposit ONyc as collateral to borrow USDG on Kamino. This reduces costs and creates room for more favorable yield spreads.<\/p>\n<blockquote>\n<p>\u201cThis marks one of the first fully permissionless implementations of real-world yield distributed directly onchain through DeFi,\u201d said Nick Robnett at Paxos, on behalf of Global Dollar Network. \u201cWe are proud to support ONyc\u2019s launch on Solana and Kamino, leveraging USDG to advance OnRe\u2019s vision of bringing real-world assets with intrinsic value onchain and making them accessible to a global user base.\u201d<\/p>\n<\/blockquote>\n<p><strong>Looping Strategies<\/strong><\/p>\n<p>Participants can also redeploy borrowed USDG to acquire additional ONyc or other assets, increasing exposure and unlocking higher returns. Incentives apply on up to $20M in total borrowing volume.<\/p>\n<p><strong>Ethena Points Multiplier<\/strong><\/p>\n<p>In addition, OnRe is offering a <a href=\"https:\/\/app.ethena.fi\/opportunities?search=onre\" target=\"_blank\" rel=\"nofollow noopener\" data-wpel-link=\"external\">5x Ethena Points multiplier<\/a> to ONyc holders on qualifying sUSDe deposits, unlocking additional rewards for those providing real-world yield collateral.<\/p>\n<p><strong>Integration of Real-World Yield Mechanisms in DeFi<\/strong><\/p>\n<p>ONyc integrates premium-backed yield from real-world assets with decentralized finance (DeFi) infrastructure, enabling an onchain structure designed to support scalability and diversification beyond traditional financial instruments.<\/p>\n<blockquote>\n<p>\u201cOne of the most exciting things for Kamino\u2019s users is onboarding high quality collateral assets, and ONyc is a great example of that. Access to credit and leverage for ONyc holders, powered by Kamino, is a great example of bringing DeFi utility to tokenize real-world investments,\u201d said Mark Hull, a Kamino contributor.<\/p>\n<\/blockquote>\n<p>With base yields above 14% and expanding utility across Solana, ONyc gives users a high-performing alternative to traditional DeFi strategies. Mint directly on the <a href=\"https:\/\/app.onre.finance\/\" target=\"_blank\" rel=\"nofollow noopener\" data-wpel-link=\"external\">OnRe app<\/a> or swap instantly using <a href=\"https:\/\/app.kamino.finance\/swap\/?tokenRef=onyc\" target=\"_blank\" rel=\"nofollow noopener\" data-wpel-link=\"external\">Kamino Swap<\/a> in the <a href=\"https:\/\/app.kamino.finance\/lending\/reserve\/47tfyEG9SsdEnUm9cw5kY9BXngQGqu3LBoop9j5uTAv8\/6ZxkBSJEqsXA3Kdm2PDAzHLUdPTPUK93Lf4bAezec1UQ\" target=\"_blank\" rel=\"nofollow noopener\" data-wpel-link=\"external\">OnRe Market<\/a>.<\/p>\n<p><strong>About Kamino<\/strong><\/p>\n<p><a href=\"https:\/\/app.kamino.finance\/\" target=\"_blank\" rel=\"nofollow noopener\" data-wpel-link=\"external\">Kamino Finance<\/a> is the largest money market on Solana, with over $4B in assets deployed across its suite of credit, leverage, and liquidity products. Through products like automated liquidity vaults, the K-Lend lending market, and tools for advanced trading strategies, Kamino helps users and institutions deploy capital efficiently. Kamino is the go-to platform for funds, market makers, and stablecoin issuers operating at scale on Solana.<\/p>\n<p><strong>About Global Dollar Network<\/strong><\/p>\n<p><a href=\"https:\/\/globaldollar.com\/\" target=\"_blank\" rel=\"nofollow noopener\" data-wpel-link=\"external\">Global Dollar Network<\/a> is the world\u2019s fastest growing stablecoin network with unmatched economic upside. Powered by Global Dollar (USDG), a US dollar-backed stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe, Global Dollar Network offers a transparent and equitable economic model that rewards partners for their contributions. Global Dollar Network partners include industry leaders such as Anchorage Digital, Bullish, Kraken, OKX, Paxos, Robinhood, Worldpay, and more. Note: USDG is available on Solana, Ink, and Ethereum.<\/p>\n<p><strong>About Chainlink<\/strong><\/p>\n<p>Chainlink is the backbone of the blockchain industry, the global standard for connecting blockchains to real-world data, other blockchains, governments, and enterprise systems. Chainlink has enabled tens of trillions in transaction value across the blockchain economy, powering critical use cases across DeFi, banking, tokenized real-world assets (RWAs), cross-chain, and more. Users can learn more by visiting <a href=\"https:\/\/chain.link\/\" target=\"_blank\" rel=\"nofollow noopener\" data-wpel-link=\"external\">chain.link<\/a>.<\/p>\n<p><strong>About OnRe<\/strong><\/p>\n<p><a href=\"http:\/\/onre.finance\/\" target=\"_blank\" rel=\"nofollow noopener\" data-wpel-link=\"external\">OnRe<\/a> bridges the reliability of the $750B global reinsurance market with the transformative power of blockchain. Licensed to deploy digital assets as insurance collateral, OnRe provides a new class of investors with direct access to consistent real-world yield through structured products designed to perform across market cycles. With a focus on transparency, scalability, and capital efficiency, OnRe is transforming how capital is deployed, bringing opportunity to a system that has historically been out of reach.<\/p>\n<p>Disclaimer: This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation to buy any securities or digital assets. ONyc may be accessible via decentralised protocols such as Kamino, but OnRe does not operate or control any secondary market for the token. Secondary trading occurs independently of OnRe. Capital is at risk. Redemption with OnRe is only available to qualified investors. Access may be restricted in certain jurisdictions.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/onyc-launches-on-kamino-unlocking-real-world-yield-and-collateral-utility-in-solana-defi\/\">ONyc Launches on Kamino, Unlocking Real-World Yield and Collateral Utility in Solana DeFi<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>[PRESS RELEASE \u2013 Hamilton, Bermuda, August 5th, 2025] OnRe\u2019s yield-bearing asset, ONyc, is now accepted as collateral within Solana\u2019s decentralized finance (DeFi) ecosystem. This development enables the integration of real-world yield sources into DeFi applications. Incentive programs from USDG and Ethena have launched to reduce borrowing costs, enhance yield opportunities, and support the use of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40656","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40656"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40656\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}