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April was one of the most difficult months DeFi has faced in recent years. Major exploits, renewed questions around security, and hundreds of millions in capital leaving the ecosystem created a challenging backdrop across onchain markets.
Despite that environment, OnRe continued to grow.
While much of the market contracted, capital continued flowing toward assets backed by real world cash flows, transparent structures, and sustainable yield generation. We believe this shift will continue to define the next phase of onchain capital markets.
April Highlights
During the month, OnRe reached:
- $143.71M in Assets Under Management
- $198.09M across OnRe DeFi markets
- $45.41M in cumulative ONyc buybacks
- 5,664 ONyc holders
- 10.13% ONyc APY
- 88.75% ONyc utilization
- $17.28M in OnRe GWP
ONyc price increased to $1.0981, continuing to reflect premium backed yield generated through short duration insurance and reinsurance activity.
Throughout April, ONyc remained actively utilized across lending, liquidity, and structured yield strategies on Solana, with continued participation across integrated DeFi markets.
Expanding Access to ONyc
This month also marked continued expansion of ONyc accessibility and distribution infrastructure.
Users can now mint ONyc through USDT deposits, broadening access to one of the most widely used stablecoins in crypto markets.
We also expanded consumer access through integration with the Avici App, enabling users to deposit and access ONyc through a more seamless onchain experience.
These integrations are part of a broader effort to make institutional grade reinsurance yield increasingly composable, liquid, and accessible across internet capital markets.
Building Through Volatility
Periods of market stress often clarify which protocols and assets are built on durable foundations.
At OnRe, our focus remains unchanged:
- real world underwriting activity
- regulated infrastructure
- transparent collateralization
- sustainable yield generation
- deep integration across onchain markets
We continue to believe that reinsurance represents one of the most structurally differentiated categories in tokenized finance, with returns driven by underwriting cycles and insured risk rather than broader crypto market reflexivity.
As DeFi rebuilds and matures, we believe the market will increasingly reward assets tied to real economic activity and resilient cash flows.
OnRe is building for that future.
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