OnRe in Review: August 2026

August marked another month of scale for OnRe. Assets under management grew 13.84% to $279.84 million, ecosystem TVL crossed $400 million, and OnRe now ranks #18 among asset managers globally by RWA value.

Capital Position

Nearly 90% of ONyc is utilized, with $152.72 million of capital on risk and $13.51 million in yield distributed to date. As of the August 31 snapshot, capital sits across four components:

$142.02M | Bound Reinsurance Capital

$10.70M | Offered Reinsurance Capital

$85.27M | Available Reinsurance Capital Held in Collateral Reserves

$41.85M | Onchain Liquidity Buffer

Underwriting

OnRe bound two new reinsurance deals in August, deploying $2.30 million and $2.31 million in capital respectively, and bringing total bound deals to 28. Net premium across the portfolio reached $32.95 million.

As we head into the peak of hurricane season, OnRe remains focused on structuring and deploying capital into attractive reinsurance opportunities as they emerge across the market.

View OnRe's complete existing portfolio here.

Ecosystem

Kamino

August marked one year of ONyc on Kamino. The OnRe Market became the largest RWA market on the platform, surpassing $250 million in total size with more than $160 million in ONyc supplied. ONyc is now the largest RWA asset by TVL on Kamino, and the market cap was raised to 150 million ONyc to meet demand.

@onrefinance AUG 5, 2026

A look back at the first year of the OnRe Market on Kamino from launch to one of Solana's largest RWA lending markets. An analysis of the growth, lending activity, market structure, and adoption that transformed reinsurance-backed yield into productive collateral.

@kamino AUG 31, 2026

The OnRe Market has surpassed $250M in total market size and is now the largest RWA market on Kamino.

Exponent

The ONyc market on Exponent surpassed $40 million in deposits, making Exponent the second largest holder of ONyc onchain. The ONyc Risk-Tranching Market crossed $2.5 million, filled its increased $4 million capacity, and was raised again to $10 million. New maturities for ONyc and srONyc went live with limited-time points boosts.

@onrefinance AUG 11, 2026

The ONyc Market on @ExponentFinance has surpassed $40M in deposits.

Across yield trading, risk tranching, liquidity provision, and curated strategies, users can structure their ONyc exposure and access multiple return streams through a single market.

@ExponentFinance AUG 13, 2026

The ONyc tranching market has been raised to $10M after filling its previous $4M capacity.

Opening 2.5x more allocation for both srONyc and jrONyc positions.

Get principal protected or amplified yield on ONyc ↓

Loopscale

Total OnRe deposits on Loopscale surpassed $90 million in August. srONyc is now live as collateral on the platform, extending senior tranche exposure into onchain credit markets.

Independent Risk Assessment

Allez Labs completed an independent assessment of ONyc, rating it High Quality Collateral. Allez also launched a live DeFi Risk Dashboard tracking ONyc across OnRe DeFi Markets.

The dashboard reads OnRe's reserve positions in real time, verifies onchain holdings position by position, and reconciles them against net AUM. It also breaks down ONyc yield by source, tracks deployment and collateral exposure across DeFi venues, and models position behavior under NAV stress.

This provides a continuously updated, independent view of where ONyc is deployed, what it earns, and how its onchain positions respond under stress.

Looking Ahead

August extended OnRe's growth across capital, underwriting, and onchain distribution. With $279.84 million in assets under management and more than $400 million across the OnRe ecosystem, the focus remains on deploying capital into attractive reinsurance opportunities, deepening integrations, and expanding ONyc's role as core collateral across Solana DeFi.