ONyc Launches on Kamino, Unlocking Real-World Yield and Collateral Utility in Solana DeFi
OnRe’s yield-bearing asset, ONyc, is now accepted as collateral within Solana’s decentralized finance (DeFi) ecosystem. This development enables the integration of real-world yield sources into DeFi applications. Incentive programs from USDG and Ethena have launched to reduce borrowing costs, enhance yield opportunities, and support the use of real-world collateral onchain. Onchain Yield Coin (ONyc), a yield-bearing, stablecoin-backed asset issued by OnRe, is now live on Kamino, Solana’s largest DeFi money market.