> 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/minting-onyc.md). # Minting ONyc Minting ONyc converts your capital (USDC or USDG) into OnRe's yield-bearing collateral asset. The process differs depending on whether you mint through Open Access or Institutional Access, but the underlying mechanism is the same. ### How Minting Works Minting ONyc is non-custodial, transparent, and designed for seamless integration across Solana DeFi. * **Capital Enters OnRe**\ Users deposit eligible stablecoins into the minting contract (USDC or USDG). * **Capital is Allocated to Reinsurance Exposures**\ OnRe deploys the backing collateral into regulated reinsurance programs. * **Yield is Generated**\ Reinsurance premiums and performance generate steady, uncorrelated yield. * **ONyc Supply Grows**\ Yield is reflected through ONyc's daily auto-compounding mechanism. * **ONyc Becomes Fully Composable**\ Holders can use ONyc as collateral, LP on partner venues, trade ONyc, redeem it back into stablecoins. ### Supported Assets ONyc currently mints against USDC and USDG. Additional assets may be added over time as OnRe expands its collateral base. ### Fees Minting ONyc carries no mint fee. Users pay network fees on Solana. --- # 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/minting-onyc.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.