Independent Risk Analysis
ONyc Risk Assessment
Allez Labs, a DeFi research, analytics, and risk management firm with extensive experience supporting major lending protocols, including Kamino and Aave, provides ongoing independent risk assessment of ONyc using its Asset Risk Framework.
Allez’s assessments evaluate 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.
Its initial 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.
Independent Asset Risk Assessments
Allez Labs conducts independent assessments of ONyc across key risk categories. The latest assessment reports are available below.
ONyc DeFi Risk Dashboard
Allez’s independent view of where ONyc is deployed, the yield it earns, and the onchain risks created by leverage, through an interactive transparency dashboard.
View here: https://allez.xyz/dashboards/onre/onyc
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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