OnRe Monthly Update: October

Uptober for OnRe

October was another milestone month for OnRe. Assets under management climbed to new highs, global ONyc access went live, and integrations across Solana DeFi continued to expand. With new markets opening and capital flowing in, OnRe closed the month with strong momentum heading into November.

Infographic titled October Highlights for OnRe displays a line chart of assets under management from August to October reaching 34.76 million USD with 18.03 percent increase, panels showing OnRe DeFi markets at 46.16 million USD up 30.51 percent with Solana and other icons, ONYC holders at 2.631 up 32 percent, ONYC price at 1.0433 USD up 8 percent, ONYC buybacks at 3.1 million USD through permissionless, ONYC APY at 10.34 percent, ONYC utilization at 65 percent, expanded DeFi access at 5.61 million USD up 142.72 percent with Kamino and other integrations.

Global ONyc Access Goes Live

Anyone outside the U.S. can now mint ONyc permissionlessly and access one of finance’s most reliable sources of real-world yield. Two campaigns rewarded early participation:

12,325,124 points earned through the 10x Launch campaign
151,431,377 points earned through the 3x Daily Multiplier

These programs helped drive record holder growth and deeper engagement across the ecosystem.

$30M+ AUM Milestone Reached

OnRe crossed a major benchmark in October – $34.76M in AUM, up 18.03% month-over-month and averaging roughly 7% weekly growth. Real capital continues to flow into tokenized reinsurance and real-world yield markets, signaling growing confidence in OnRe’s model.

ONyc x JitoSOL Vault: Solana’s Yield Convergence

October also introduced a first-of-its-kind pairing: ONyc x JitoSOL, where Solana’s institutional LST meets its institutional RWA. LPs providing liquidity on Kamino are earning LP fees plus:

5,000 JTO and 1,500 ORCA in incentives
10x OnRe Points

ONyc Yield Trading Goes Live on RateX

ONyc yield trading is now live on RateX, featuring the highest multiplier on the platform (8x) and ranking top 3 in TVL and top 5 in APY among stablecoin markets.
ONyc holders can:

Leverage up to 156x with YT-ONyc for amplified exposure
Lock in a 16.05% fixed APY with PT-ONyc
Provide liquidity for up to 13.78% combined APY + trading fees

$7M+ USDC Supplied to OnRe Lending Vault

Over $7 million USDC has been supplied as borrow liquidity for ONyc in the OnRe Lending Vault, making it the second-largest stablecoin market on Loopscale by TVL. New initiatives are in motion to enhance capital efficiency and expand leveraged USDC strategies across DeFi.

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OnRe Discord Launches to Support Community Growth

The long-awaited OnRe Discord is now live. Community members can earn rewards through active participation – the more you contribute, the stronger the ecosystem becomes. Join the conversation and help shape the next phase of OnRe.

Join here: https://discord.gg/onrefinance

Looking Ahead

From new access to new markets, October set the tone for what’s next. November is already shaping up to be even bigger as ONyc solidifies its place as DeFi’s go-to collateral asset.