OnRe’s uncorrelated reinsurance-backed yield, tokenized as ONyc, is now available on Ethereum for the first time with our latest curated vault.
The vault serves as a single access point to a blended USDC return profile that captures OnRe ecosystem yields. The vault runs four coordinated strategies:
- Native ONyc holding
- ONyc looping via Kamino and Loopscale markets
- Exponent yield trading (LP and PT)
- USDC lending on Kamino variable rate market
The majority of the vault’s allocation is passive and semi-passive. As a complete package, the native ONyc holding exposure forms base yield stability, which is then complemented by leverage uplift (capped ONyc looping sleeve) and added diversification (Exponent yield trading and USDC lending on Kamino). NAV is continuously verified by Accountable, with all underlying positions verified in real time onchain.
We've long maintained a belief in OnRe's mission to bring real-world yield from reinsurance premiums onchain, and this year followed up our initial 2025 investment by co-leading their Series A round. OnRe launched last year and has already become a top-performing RWA on Solana, growing TVL by 180% YTD despite difficult digital asset market conditions. As yields across the board in DeFi have compressed (Solana staking nominal APY, for example, has fallen ~16% in the past year), OnRe has stood out by delivering a differentiated, uncorrelated source of return, providing users with a 10–12% base APY backed by reinsurance underwriting performance.
With this vault launch, Ethereum’s leading DeFi ecosystem can now access OnRe's battle-tested model. We're excited to serve as a bridge and curator here, and to continue supporting OnRe's growth into additional markets moving forward.
About RockawayX
RockawayX is a leading digital asset investment firm operating across venture, liquidity, curation, and infrastructure, with over $2 billion in collective assets under management. Through its evolved approach to on-chain yield, the firm applies institutional-grade credit underwriting to construct, monitor, and manage diversified exposure across stablecoin and real-world asset strategies.
This framework is supported by advanced allocation models, automated risk controls, and real-time opportunity detection, enabling the firm to maintain a zero-default record across CeFi and DeFi lending since 2022.
In periods of heightened market volatility, RockawayX can also deploy proprietary capital to stabilize markets and backstop liquidations. The firm’s market neutral fund has provided > $1bnm in TVL over the last four years.
About OnRe
On Re SAC Ltd. is a fully licensed, collateralized reinsurer and onchain asset manager connecting $250B of alternative capital with the $800B global P&C reinsurance market. Beyond bringing additional capacity to the industry, OnRe provides investors access to a diversified portfolio through ONyc, a tokenized reinsurance vehicle designed for resilient performance across market cycles. Through rigorous capital modeling and 24/7 ONyc liquidity, OnRe sets a new standard for reinsurance capital formation.
