Partnerships

Secondary Market Access: ONe Liquidity Hits Orca

June 5, 2025
 - 
3
 min read

Secondary Market Access for ONe LPs

As part of our vision to bring reinsurance capital on-chain, we’re excited to see the emergence of decentralised liquidity pools featuring the ONe token — including the ONe/sUSDe pool on Orca on Solana.

Until now, reinsurance exposure has been a lock-up game. With the ONe/sUSDe pool on Orca, LPs can now:

  • Exit early by swapping out of their ONe position
  • Rebalance capital between positions
  • Improve capital efficiency without waiting for maturity

This creates a dynamic market where risk and capital can move fluidly — an important step toward modernizing reinsurance as a liquid, on-chain asset class.

Decentralised by Design

ONe is built using open token standards and is compatible with permissionless infrastructure. While OnRe does not manage or facilitate any secondary trading venues, we welcome the emergence of third-party liquidity that helps unlock utility for reinsurance-backed assets.

Orca’s CLMM infrastructure on Solana makes it a composable building block for DeFi, supporting protocols that rely on fast, efficient liquidity, and paving the way for a new generation of reinsurance-backed DeFi products.

Incentivized Liquidity

To bootstrap deep liquidity and encourage early adoption, OnRe is offering boosted incentives to early LPs in the ONe/sUSDe pool, providing a healthy, more active market for tokenized reinsurance yield. Eligibility criteria and T+Cs apply.

  • Tranche: $0–30M TVL
  • Allocation: 0.2% per $1M TVL (6% of supply)
  • Eligibility Holding Period: 3 months
  • Vesting: 30% unlock, 6 month linear vest

$4m in Initial Liquidity Deployed

The ONe/sUSDe pool on Orca currently holds over $5m in liquidity. This depth supports active trading from day one and marks an important step toward developing a more liquid secondary market for tokenised reinsurance assets.

Redemption with OnRe

ONe tokens acquired on secondary markets can be redeemed with OnRe, provided the holder completes OnRe’s KYC process; and meets eligibility criteria, which includes being a sophisticated or institutional investor.

A Growing Ecosystem

With integrations like Orca, token holders are beginning to explore real-world yield and composability in new ways. We believe this marks the beginning of a broader transformation — one where reinsurance is made liquid, programmable, and globally accessible via decentralised rails.

Explore the pool ONe / USDC

Mint ONeonre.finance

Important Note: OnRe does not operate or supervise any secondary market, including the Orca pool referenced above. Participation in third-party pools is at users’ own discretion and risk. Redemptions with OnRe are only available to KYC’d qualified acquirers — they are not available to retail investors or the general public. Terms and conditions apply.

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