Solana-based DeFi platform Onyc goes live on Kamino, providing tangible returns and securing collateral utility in the Real world.
In a groundbreaking move, Onchain Yield Coin (ONyc) has integrated with Kamino, Solana's largest Decentralised Finance (DeFi) money market. This partnership enables stablecoin holders to access real-world yield strategies backed by reinsurance and real-world assets through Solana DeFi.
Powered by Chainlink's Onchain NAV solution, ONyc's net asset value is sourced in real-time, providing tamper-resistant, verifiable pricing data onchain for collateral security and transparency.
The integration offers several key benefits and incentives:
- A base yield of approximately 14–16%: Uncorrelated with crypto market volatility, this yield offers stable and diversified returns for users.
- ONyc can be used as collateral within Kamino for borrowing, lending, or looping strategies, expanding DeFi capital efficiency on Solana.
- 24/7 liquidity: Users can enter and exit positions anytime, supported by Kamino’s liquidity pool of over $700 million in stablecoin TVL.
- Real-time tracking of Net Asset Value (NAV) via onchain, ensuring secure collateralization and transparent valuation.
Incentive programs from partners such as USDG and Ethena support utilization by helping reduce borrowing costs and enhance yield opportunities through these real-world collateral and yield strategies integrated into Solana DeFi.
The ONyc-Kamino integration creates a composable, liquid, and resilient asset that gives Solana users exposure to real-world, premium-backed yield while leveraging DeFi's composability and instant liquidity. This bridges traditional real-world asset yield and DeFi by delivering reinsurance-backed, stablecoin-collateralized yield onchain with strong transparency and capital efficiency.
However, it's important to note that redemption with OnRe is only available to qualified investors, and access to ONyc may be restricted in certain jurisdictions. Additionally, capital is at risk when dealing with ONyc.
Secondary trading occurs independently of OnRe, and ONyc may be accessible via decentralized protocols, but OnRe does not operate or control any secondary market for the token. Furthermore, this announcement is for informational purposes only and does not constitute an offer or solicitation to buy or sell any securities or digital assets.
With a return profile that's scalable, uncorrelated, and unavailable in traditional finance, ONyc offers stablecoin holders access to yield strategies backed by real-world risk, providing uncorrelated returns, instant liquidity, and native composability across Solana DeFi. A $200K incentive pool is available to lower borrowing costs for early participants who deposit ONyc as collateral to borrow USDG on Kamino.
In conclusion, the ONyc-Kamino integration marks a significant step forward in the integration of traditional real-world assets and DeFi, delivering reinsurance-backed, stablecoin-collateralized yield onchain with strong transparency and capital efficiency, making ONyc a powerful entry point for stablecoin holders looking to earn real-world yield on Solana.
- The Onchain Yield Coin (ONyc) has been integrated with Kamino, Solana's largest Decentralised Finance (DeFi) money market, leveraging technology to offer stablecoin holders real-world yield strategies backed by reinsurance and real-world assets.
- The ONyc-Kamino integration provides digital finance investors with a base yield of approximately 14–16%, offering stable and diversified returns that are uncorrelated with crypto market volatility.
- This partnership also offers ONyc as collateral within Kamino for borrowing, lending, or looping strategies, enhancing DeFi capital efficiency on Solana.
- Furthermore, real-time tracking of ONyc's Net Asset Value (NAV) via onchain ensures secure collateralization and transparent valuation, a key benefit of this integration powered by Chainlink's Onchain NAV solution.
