> For the complete documentation index, see [llms.txt](https://docs.onre.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.onre.finance/for-capital-providers/introduction.md). # Introduction Capital providers use ONyc to gain exposure to reinsurance-backed yield through a fully collateralized, onchain structure. The framework is built to give users clarity on how capital enters the system, how ONyc is created and redeemed, and how the collateral pool is constructed and monitored. ONyc can be accessed through different pathways depending on the provider’s requirements. These access models define custody preferences, operational steps, and eligibility criteria. Minting converts supported assets into ONyc at real-time NAV. Redemptions follow the reverse path, ensuring predictable liquidity that reflects the underlying collateral and current market conditions. Collateral is composed of stablecoins, cash-equivalent assets, and yield-bearing components such as staked stablecoins and T-bills exposure. Each component serves a defined role in balancing safety, liquidity, and performance. The underlying assets are listed individually to give providers clear visibility into what backs ONyc at any point in time. This structure is designed to give capital providers confidence in how their assets are handled onchain, how yield is generated, and how risk is managed across the system. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.onre.finance/for-capital-providers/introduction.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.