> 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/onyc-in-defi/defi-opportunities/liquidity-provision.md).

# Liquidity Provision

Liquidity provision allows ONyc holders to earn additional yield by supplying ONyc to supported onchain liquidity pools. Liquidity providers earn a combination of ONyc’s underlying yield and trading fees generated through secondary market activity.

By supplying liquidity, LPs help maintain continuous market access, tighter pricing around NAV, and more efficient trade execution across DeFi venues. ONyc is also supported as collateral in lending markets, allowing users to borrow against positions and deploy capital into additional strategies while retaining ONyc exposure.

An active market making strategy arbitrages price differences across venues to help keep ONyc trading close to NAV and support efficient secondary market pricing.

### Supported Markets

Supported ONyc liquidity pools are eligible for enhanced OnRe Points multipliers in addition to standard trading fees. Rewards are only earned on the ONyc side of a liquidity pair, though certain lending markets, vaults, and structured products may also reward supplied stablecoin positions.

{% stepper %}
{% step %}

#### Orca

[ONyc/USDC](https://www.orca.so/pools/7jhhyxPUKpu42hPGSYwgMXbR2dtVJHKhs8DW3sAAgAvX)

[ONyc/JitoSOL](https://www.orca.so/pools/4MKCGZ9X9VYcFqkTTJhWBEVScw1EVPcW1SUrHx5TrPzK)
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{% step %}

#### Raydium

[ONyc/USDG](https://raydium.io/liquidity-pools/?token=5Y8NV33Vv7WbnLfq3zBcKSdYPrk7g2KoiQoe7M2tcxp5)
{% endstep %}

{% step %}

#### Kamino

[ONyc/JitoSOL](https://kamino.com/liquidity/AVynQgk5wjmSi2cx1gTT6z1FZo6CxYsZsnKsJSWgZ7w5)

[ONyc/USDG](https://kamino.com/liquidity/2cV6oNLjDqtyMJysHa2YpRDa2HmKK7e1V1ZZi2WsfE8b)
{% endstep %}
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