OnRe Tokenized Reinsurance
ONYC Rank #280Price chart
What is OnRe Tokenized Reinsurance?
Reinsurance exposure
OnRe allocates the account's capital to collateralize short-duration insurance and reinsurance contracts. The account is legally ring-fenced in Bermuda. Cedents pay premiums to transfer a portion of their insurance exposure to the structure. Valid insurance claims reduce the account's returns or capital. The pool can also earn income from its stablecoin collateral. ONyc provides fractional exposure to the resulting net performance.
Token mechanics
ONyc is a transferable, non-rebasing token on Solana. Income accrues through changes in net asset value rather than additional reward tokens. Minting adds capital to the account and creates the corresponding token interest. Redemption removes tokens against the account's available capital. Supported mint and redemption assets include USDC and USDG. The token's NAV can increase or decrease with underwriting results.
Access and liquidity
OnRe offers an open-access route and a separate institutional onboarding route. Direct institutional redemptions require identity checks and investor eligibility. Redemption timing is subject to holding periods, settlement windows and liquidity availability. Secondary-market tokens can be used in supported Solana liquidity pools and other DeFi applications. ONyc is an investment exposure to reinsurance performance rather than a token designed to maintain a fixed one-dollar price.
Where to trade ONYC
5 exchanges · top 10
Live spot quotes from connected exchanges
ONYC funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.