OnRe, an onchain asset manager, has announced the launch of the OnRe Points rewards program, which aims to emphasize active participation in the ONyc ecosystem.
Features of OnRe Points
The OnRe Points program differs from traditional liquidity mining as it rewards users based on the efficiency with which ONyc assets are utilized within various decentralized finance (DeFi) platforms. It seeks to enhance the role of ONyc as a primary collateral asset within the Solana ecosystem.
Multi-Tiered Rewards in DeFi Strategies
OnRe points are accrued daily using strategic multipliers based on DeFi participation:
* Base Holding (1x): 1 point per ONyc per day for asset holders. * Liquidity Provision (2x): double rewards for providing ONyc liquidity on leading Solana DEXs. * Lending and Borrowing (3x): triple rewards for using ONyc as collateral. * Yield Trading (4x): maximum rewards for liquidity provision and holding YT-ONyc.
OnRe's Long-Term Plans in DeFi
The program is designed to create sustainable DeFi infrastructure, where real asset utility drives long-term value creation. Participants can track their ONyc positions and accrued points through the OnRe application, allowing them to optimize their participation strategies.
The launch of OnRe Points underscores OnRe's commitment to building a sustainable DeFi ecosystem, where users can actively participate and gain rewards for utilizing assets in the long term.
