ONyc, a yield-bearing asset backed by stablecoin, is now accepted in the Solana DeFi ecosystem, providing new opportunities for users.
Integration of ONyc into Solana DeFi
ONyc, an asset backed by a stablecoin and issued by OnRe, is now available on Kamino, the largest DeFi lending market on Solana. This marks the use of reinsurance-backed yield as collateral in DeFi, providing access to real-world risks through a composable and liquid asset.
New Incentives for Users
To support early participation, OnRe is launching incentive programs in collaboration with Kamino and other organizations. Users can earn rewards that reduce borrowing costs by depositing ONyc as collateral and improving trading conditions.
Future of Real Yields in DeFi
ONyc combines yield from real-world assets with DeFi infrastructure. The integration of assets backed by real credits demonstrates how DeFi can provide access to credit and enhance liquidity through high-quality assets.
The integration of ONyc into Solana's DeFi opens new opportunities for users, providing access to real yields and improving financial strategies within the ecosystem.
