ONyc don go live for Kamino with 14% Yield and $20M Incentives
OnRe yield bearing asset ONyc don dey live as collateral for Kamino, wey be Solana top DeFi money market get over $700M TVL. Traders fit use ONyc borrow, lend or do looping strategies and still dey earn 14%+ base yield wey no dey related to crypto wahala. Chainlink Onchain NAV solution dey give real-time, tamper-proof pricing make collateral secure. To make more people use am quick, OnRe and partners don launch $200K reward pool for USDG borrows against ONyc, plus up to $20M borrowing incentives plus 5× Ethena Points boost on sUSDe deposits from ONyc holders. This integration go make capital work better and bring strong, reinsurance-backed liquid asset enter Solana DeFi.
Bullish
Dis integration good for ONyc because dem put am as collateral for Kamino—one of Solana biggest DeFi markets wey get over $700M TVL—wey go sharply boost liquidity plus utility. Short term, dis $200K rewards pool, $20M borrowing incentives and 5× Ethena Points multiplier go push demand and trading volume for ONyc. Long term, to offer 14%+ reinsurance-backed yield and secure onchain NAV through Chainlink go boost ONyc credibility and adoption, make e strong for market position and price support.