November was our biggest month to date.
We crossed $40M in AUM, up 22% month over month, as ONyc continues to cement itself as a core piece of Solana DeFi. Continued steady growth driven by real demand for a yield-bearing collateral asset that actually holds up under pressure.
$40M AUM, and Still Compounding
We hit $40M AUM and kept moving. The headline matters, but what matters more is how we got there: ONyc is increasingly being used as go-to collateral across Solana, and more capital is choosing to sit in a product with reliable yield and strong liquidity support.
Base Yield Increased to 13.35% APY
November also saw two new reinsurance deals go live, pushing ONyc’s base yield to 13.35% APY.
If you’re sitting on idle stablecoin capital on Solana, this is one of the strongest ways to put it to work. And if you’re curious how a double-digit return is built on real-world risk (not leverage), we published the full breakdown on our site.
Buybacks Scaled and Liquidity Stayed Tight
Liquidity is the backbone of a yield asset like ONyc. In November, we executed nearly $4M in ONyc buybacks, bringing total buybacks to $5.2M+ overall.
That continued buyback support strengthened 24/7 liquidity across markets and helped keep spreads within 10 bps, even as DeFi volume ramped up. During a volatile period where hundreds of billions of market value were wiped out across crypto, ONyc held its peg to NAV, proving the design works when it matters.
Loopscale Momentum: Vault Filled Again, Capital Efficiency Rising
The OnRe USDC Vault cap was raised to $12.5M, and it filled again in under a week.
On Loopscale, the ONyc/USDC loop delivered the highest APY across both Stablecoin and RWA Yield Loops. Total looping activity climbed past $15.64M through ONyc and PT-ONyc, showing a clear trend: users want capital-efficient exposure to real yield, and they’re using ONyc to get it.
Getting in Front of Global Investors
November wasn’t just product and numbers. Our CEO Dan Roberts attended Apex Invest, a major event for investors across alternative assets and emerging markets.
He spoke on a Day 1 panel, “The Evolution of Money,” covering stablecoins, onchain payments, and the bigger shift underway in how global capital moves. These conversations matter, because what we’re building sits right at that intersection: regulated real-world yield, delivered through DeFi rails.
November proved the model at scale: more capital, higher yield, tighter liquidity, and stronger product demand across Solana.
December is already moving fast. And we’re just getting started.
.png)
