OnRe in Review: June 2026

June marked another period of growth for OnRe, with capital managed onchain crossing $200 million for the first time and ONyc continuing to expand across lending, liquidity, and structured yield markets on Solana.

Assets Under Management reached $204.48 million, up 10.06% over the period. OnRe continued to deploy capital into reinsurance opportunities, expand the utility of ONyc across DeFi, and strengthen the risk infrastructure supporting its growth.

OnRe closed the month with:

• $204.48M in Assets Under Management

• $292.34M across OnRe DeFi Markets

• 6,692 ONyc holders

• 11.76% ONyc APY

• 79.33% ONyc utilization

• $108.21M in capital on risk

• $21.49M in written premium

• $8.75M in yield distributed

ONyc ended June at $1.1189, reflecting yield accrued from the underlying reinsurance portfolio and collateral reserves. The number of ONyc holders increased 4.82% during the month, while capital continued to grow across both the reinsurance portfolio and OnRe's DeFi markets.

Expanding ONyc Across DeFi

June saw continued growth in ONyc's use as productive collateral across Solana, with OnRe DeFi Markets reaching $292.34 million by month-end.

Liquidity and capacity expanded across ONyc lending, looping, and liquidity markets throughout the month. The OnRe Market on Kamino crossed $150 million in total market size, with more than $100 million of ONyc supplied as collateral and over $50 million in stablecoins borrowed against it.

ONyc's collateral parameters also continued to evolve with market growth, supporting up to 2.9x leverage for looping strategies. New liquidity infrastructure across the ecosystem created additional ways to deploy ONyc and access reinsurance-backed yield onchain.

Introducing Risk-Tranched Reinsurance

June also marked the launch of ONyc risk tranching, giving users the ability to select different risk and return profiles within the underlying reinsurance portfolio.

The structure separates exposure into senior and junior tranches. The senior tranche receives first-loss protection from junior capital in exchange for a lower expected yield, while the junior tranche assumes the first-loss position for higher expected returns.

The launch added a new layer of utility around ONyc, with the tranche assets designed for use across fixed-rate yield, yield trading, lending, and other structured strategies.

Strengthening Independent Risk Infrastructure

As ONyc's use across DeFi grew, OnRe selected Allez Labs as its independent risk partner to provide third-party analysis across collateral quality, secondary liquidity, DeFi integrations, and portfolio resilience.

ONyc subsequently received an A- risk score from Allez Labs, supported by its regulated insurance infrastructure, institutional custody arrangements, and integration across the Solana ecosystem.

Independent risk analysis adds another layer of visibility for market participants evaluating ONyc as collateral and its underlying reinsurance exposure.

Scaling Reinsurance Onchain

Growth in June continued across both sides of the OnRe ecosystem: the underlying reinsurance portfolio and the onchain markets built around it.

OnRe ended the month with $108.21 million in capital on risk, while ONyc continued to expand across lending, liquidity, and structured products. Collateral reserves also remained productive, generating additional income for ONyc holders alongside reinsurance premiums.

With $204.48 million in Assets Under Management and $292.34 million across OnRe DeFi Markets, June continued OnRe's growth across underwriting, onchain distribution, and institutional-grade infrastructure.