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.