OnRe
AuditedVerifiedTrendingOnRe is a Bermuda-licensed on-chain reinsurer that issues ONyc, a Solana yield-bearing dollar asset backed by regulated reinsurance premiums and a low-risk collateral basket, targeting 9-15% APY.
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Score history
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The Problem
Reinsurance is one of the world's most stable, uncorrelated yield sources, but access is locked behind institutional gatekeepers, opaque accounting, and multi-year capital lockups — inaccessible to on-chain capital.
The Solution
OnRe tokenizes a Bermuda-regulated, fully-collateralized reinsurance account as ONyc, a composable dollar asset that accrues real premium and collateral yield daily, with NAV published on-chain via Chainlink and independently attested.
Why it Matters
The world's first fully-licensed on-chain reinsurance protocol — regulated by the Bermuda Monetary Authority, SOC 2 Type II certified, and deeply integrated across Solana DeFi, with no direct comparable competitor at scale.
Protocol Metrics
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View allFrequently asked questions about OnRe
What is OnRe?+
OnRe is a RWA protocol operating on Solana. OnRe is a Bermuda-licensed on-chain reinsurer that issues ONyc, a Solana yield-bearing dollar asset backed by regulated reinsurance premiums and a low-risk collateral basket, targeting 9-15% APY.
How does OnRe work?+
OnRe tokenizes a Bermuda-regulated, fully-collateralized reinsurance account as ONyc, a composable dollar asset that accrues real premium and collateral yield daily, with NAV published on-chain via Chainlink and independently attested.
Is OnRe safe?+
DeFi Sentinel rates OnRe AA with a safety score of 89/100, indicating very low risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. OnRe has 6 audits on record. DeFi Sentinel's analysis flagged 2 medium, 3 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk and Sustainability & Competitive Position. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of OnRe?+
OnRe has a DeFi Sentinel safety score of 89/100 (rating AA), last updated September 17, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Which chains does OnRe support?+
OnRe is deployed on Solana.
Has OnRe been audited?+
Yes. OnRe has 6 audit reports on record from firms including Quantstamp, Quantstamp, Quantstamp. Audit reports and dates are linked under the Resources tab on this page.