OnRe has established an initial liquidity pool on Orca with approximately $6 million in liquidity on day one, providing secondary market depth for the newly-launched ONe token.
OnRe is a Bermuda-licensed reinsurance company that brings the $750 billion reinsurance market on-chain for widespread access, offering a regulated, blockchain-native structured product with uncorrelated yield. By accepting digital assets as collateral and integrating with DeFi protocols, OnRe creates a composable, capital-efficient financial product that delivers stable returns in bear markets and scales in bull markets.
Created May 19th, the pool enables users to buy ONe directly from the pool without KYC, and also directly swap ONe tokens for USDC, granting them exposure to the OnRe return.
By launching a pool on Orca, OnRe and its user base gain the advantages of deep liquidity and capital efficiency from Orca's CLMM. This enhances OnRe's digital footprint, as the CLMM provides the critical support needed for lending protocols that require rapid access to liquidity in the event of borrower defaults.
To support the pool, RockawayX has deployed $2 million in USDC and $2 million in ONe to the pool. That capital is in place to serve as secondary liquidity for liquidations, enabling lending.
