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.
Insurers cede a slice of their risk to OnRe, a Bermuda-licensed reinsurer, in exchange for premium cash-flows. Adjust how much underwriting risk OnRe takes on — more risk raises the premium yield but widens potential claims.
Contractual premium income from insurers ceding risk — the primary, real-world source of ONyc's yield.
Live signals detected by Sentinel monitors across all five risk classes.
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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.
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.
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.
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.
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.
DeFi Sentinel rates OnRe AA with a safety score of 88/100, 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 3 audits on record. DeFi Sentinel's analysis flagged 2 medium, 4 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.
OnRe has a DeFi Sentinel safety score of 88/100 (rating AA), last updated July 14, 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%).
OnRe is deployed on Solana.
Yes. OnRe has 3 audit reports on record from firms including Quantstamp, Quantstamp, Quantstamp. Audit reports and dates are linked under the Resources tab on this page.
