Independent Credit Risk Analysis
ONyc Credit Risk Assessment
Allez Labs, a DeFi research, analytics, and risk management firm with extensive experience supporting major lending protocols, including Kamino and Aave, conducted an independent asset risk assessment of ONyc using its Asset Risk Framework.
The assessment evaluated ONyc across market, liquidity, technical, counterparty, operational, governance, and regulatory dimensions, combining onchain analysis, custody verification, protocol architecture review, governance evaluation, and underwriting portfolio analysis.
The assessment concluded with an overall A- rating, positioning ONyc as a high-quality collateral asset supported by regulated insurance infrastructure, institutional custody arrangements, and deep integration across the Solana ecosystem.
Assessment Highlights
Regulatory Foundation (AA+)
Dual Bermuda licenses and statutory segregated account protections.
Performance & Stability
365-day operating history with consistent NAV growth and limited drawdowns.
Institutional Infrastructure
Institutional-grade custody, governance, attestation, and security controls.
Liquidity & Market Integration
Deep integration across leading Solana lending, liquidity, and yield markets.
Stress Event Resilience
Maintained NAV stability through multiple DeFi market stress events without bad debt creation, peg instability, or material operational disruptions.
ONyc Asset Score Card
The following scorecard summarizes Allez Labs' independent assessment of ONyc across key risk categories.
Disclosure
For informational purposes only. Not investment advice and does not constitute an offer to buy or sell securities. Allez Labs makes no guarantees regarding accuracy or completeness. Ratings reflect analyst judgment under the Allez Asset Risk Framework; Allez Labs is not a registered credit rating agency.
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