Regulated on-chain reinsurance company, Nayms, which has rebranded as OnRe, has launched ONe, an accumulating token for LPs, which currently offers projected returns of up to 36.5%, consisting of reinsurance performance, collateral yield, and token incentives, backed by deep expertise and full regulatory approval.
OnRe aims to access yield from the $750 billion global reinsurance market and combine it with the digital asset market’s unique return attributes, with the aim of offering a stable and scalable product.
Through its partnership with Ethena, OnRe allows users to deposit sUSDe into a reinsurance pool on Solana.
The firm explains that deposited sUSDe flows into a balanced reinsurance portfolio, underwritten by OnRe, allocated across diversified insurance lines to generate uncorrelated yields, enabling on-chain capital markets to utilise this real-world asset class as liquid collateral across the ecosystem.
ONe is directly tied to a regulated, revenue-generating business, unlike DeFi tokens that rely on emissions or abstract governance mandates, explains the firm.
Its value is linked to TVL, backed by real-world underwriting, and aligned with long-term platform growth. The project’s Embargo revenue dynamics can generate the same income from $10 million in TVL as a $500 million money market fund, claims the company.
With support from RockawayX, a seed investor in Solana and backer of 15+ of the ecosystem’s leading projects, and the Solana Foundation, OnRe’s integration roadmap will offer pool investors the potential for additional returns through DeFi composability, such as the ability to use the pool deposit receipt as borrow collateral on lending platforms.
OnRe’s blockchain-native structured product is unreplicable in traditional finance, including upside participation through on-chain funding rates and integrations with other DeFi protocols to enhance capital efficiency.
In bearish markets, OnRe says that it aims to deliver consistent, stable yield through reinsurance exposure, independent of crypto and equity downturns. In bullish conditions, elevated on-chain funding rates and token incentives from sUSDe and the $ONRE protocol token offer upside potential, explained the firm.
Guy Young, Founder of Ethena Labs, commented, “OnRe provides the perfect real-world use case for sUSDe, allowing over $6 billion in stable capital to earn additional, meaningful yield by deploying into one of the world’s most established financial systems. This partnership sets the stage for a new era of capital efficiency, transforming deposits into productive, yield-generating assets while opening a market that has long been out of reach for most investors.”
Samantha Bohbot, Partner & Chief Growth Officer of RockawayX, added, “We pursue DeFi products that offer a substantially superior risk and return profile or user experience to traditional alternatives, and OnRe definitely fits the bill, with predictable returns in bearish environments, and meaningful upside in bullish times.
“Active participants will leverage OnRe’s integrations across Solana DeFi, with projects like Kamino, Exponent, and Fragmetric, making reinsurance a key on-chain portfolio building block. Better yet, the reinsurance industry is sorely in need of a digital lift, and we see OnRe accelerating a leapfrog step forward.”
Dan Roberts, Co-Founder and CEO of OnRe, stated, “Innovation doesn’t happen overnight or in isolation. The launch of OnRe is the result of powerful partnerships and scalable technology, creating something genuinely new in digital assets and insurance. It’s a model that’s rigorously tested, securely designed, and fully compliant. I’m excited to see ONe scale as a reliable collateral asset year-round, giving digital asset markets access to the strong, stable returns of insurance — one of the world’s largest and most profitable industries.”
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