Welcome to OnRe
Whether you’re a capital provider seeking uncorrelated returns from a market with historically limited access, or an insurer looking to scale capacity and unlock a new source of global capital, this guide walks you through how to engage with OnRe — helping you maximize the potential of your participation.
Get Started
Navigate to the OnRe Website: Head to the OnRe website to access the platform.
Explore the Platform: Take a moment to understand the structure and benefits before accessing the app.
Begin Your Journey: Use the CTA button in the navigation bar or click the ONe investment card to get started: app.onre.finance.
Connect Your Wallet
Choose a Compatible Wallet: Select a wallet like Phantom, SquadsX, Solflare, Exodus, Glow, or Coin98 that supports the Solana network.
Connect Your Wallet: Sign in to your wallet on the app to enable transactions.
Complete KYC
Initiate KYC: Complete the one-time KYC check before your first purchase.
Choose Your Path: Proceed as an individual or a company based on your investment type.
Complete the Process: Once your KYC is verified, your address will be added to a whitelist stored in the application, and you'll be redirected to the app to finalize your purchase.
Purchase
Prepare Your Wallet: Ensure your wallet holds USDC or sUSDe.
Enter Deposit Amount: Entire the desired amount to deposit. Note: the amount entered must not exceed your current wallet balance.
Receive ONe Tokens: The sUSDe or USDC you deposit will be converted into ONyc – a liquid token representing your fractional ownership of the ONyc pool, providing you with a dynamic share of its value.
Review and Agree to Terms: Review and agree to the Participation Agreement, Participation Agreement Addendum, and the Disclosure Statement.
Complete Your Purchase: Once you’ve agreed to the purchase terms, confirm your transaction to put your capital to work — generating superior returns in choppy or bear markets, while delivering greater yields on invested assets during bull markets compared to traditional reinsurance.
Redemption
Eligibility: To redeem, a user must be KYC’d via the platform and meet our eligibility requirements, including being a sophisticated investor.
Frequency: Redemptions occur on a quarterly cycle.
Notice Window: At the start of each quarter, there is a 30-day notice window during which users may exchange their ONyc tokens for redemption tokens.
Timing and Availability: Redemptions are only completed on the next published redemption date which occurs at the end of the quarter, and subject to the available amount in the pool - the available amount is the amount that can be made available for redemption, taking into account existing and expected liabilities of the pool.
Oversubscription Handling: If total redemption requests exceed the available amount, redemptions will be fulfilled pro-rata, with any remainder reconverted to ONyc tokens for future redemption rounds.
Valuation: The final value of redemptions is based on the last published NAV at the end of the quarter.
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