ONyc (ONYC)

ONyc (ONYC) is the native yield-bearing token of Onre Finance, a reinsurance platform built on Solana and regulated by the Bermuda Monetary Authority (BMA) as a Segregated Accounts Company holding IIGB and DABA licences. Rather than tracking crypto market conditions, ONyc delivers yield from two real-world income streams: premiums earned by underwriting reinsurance contracts and returns generated by the stablecoin collateral that backs those positions. This makes ONyc a Real World Asset (RWA) instrument whose returns are structurally uncorrelated with broader digital asset market cycles.

The token is designed to serve as composable DeFi collateral. Holders can deploy ONyc across lending protocols, liquidity pools, and other on-chain applications while continuing to accrue reinsurance yield, currently advertised at approximately 11 to 16% APY. Onre targets an addressable market exceeding $800 billion in annual reinsurance premiums and works with established reinsurance brokers as part of its regulated underwriting structure. Strategic backers include Coinbase Ventures, Maven11, and Spartan Group. The Solana contract address is 5Y8NV33Vv7WbnLfq3zBcKSdYPrk7g2KoiQoe7M2tcxp5.

ONYC has a fixed maximum supply of 100 million tokens, all of which are fully circulating. The token is priced close to $1.00 by design, reflecting its collateral-backed dollar peg, though it accrues yield rather than rebasing. Because the yield source is reinsurance underwriting rather than protocol emissions or governance incentives, Onre positions ONyc as a more stable alternative to liquidity-mining rewards. Prospective holders should note that the contract creator retains administrative rights, including the ability to modify metadata and manage minting, which is standard for regulated tokenised financial products but is worth factoring into individual risk assessment.