Probably the most exciting product on @solana
Large and active SOL LST holders are looking for ways to compound their yield... today they can.
Exponent teamed up with OnRe and @RockawayX to launch onycSOL.
Combining RWA + Staking Yield
The staking rate compressing alongside a flourishing RWA ecosystem on Solana presented an opportunity
We're excited to launch onycSOL with our partners at @onrefinance and @RockawayX
onycSOL is the best way to earn high RWA yield and maintain full exposure on your SOL
We're managing the new onycSOL vault on @ExponentFinance, designed to combine SOL staking yield with @onrefinance's reinsurance-backed returns while maintaining SOL exposure.
As the strategy rolls out, RockawayX Curation will manage LST collateral and borrowing on @kamino, deploy capital across OnRe lending markets on Kamino and fixed-rate and senior ONyc positions on Exponent, and oversee risk management.
The vault targets 7–8% APY in SOL terms.
7/ onycSOL Starts with a $10M Deposit Cap
Secure an early position in onycSOL and earn rewards as the strategy allocates
Pre-deposit SOL and mint onycSOL on Exponent: https://t.co/xI86SYxnMA
Introducing onycSOL, a new SOL token powered by RWA yield from ONyc
Maintain full SOL exposure while earning staking yield plus reinsurance returns from @onrefinance ONyc, in a strategy managed by @RockawayX
Pre-deposits are now open with $20K and 4x OnRe Points in rewards ↓
6/ onycSOL Yield Profile
The vault is managed by @RockawayX, a leading curator in onchain finance, with capital deployed exclusively across OnRe, Exponent, and Kamino:
→ Kamino for borrowing and lending across OnRe markets
→ Exponent for fixed-rate and Senior ONyc exposure
→ The vault targets 7-8% APY in SOL terms, outperforming SOL's staking rate
onycSOL withdrawals are processed weekly, with secondary liquidity expected to follow
you can now borrow against fixed reinsurance yield from both @onrefinance and @re on kamino
2 new markets for @ExponentFinance PTs went live yesterday, curated by @SteakhouseFi:
PT-ONyc - ~12.6% fixed to 10 Jan, borrow USDG
PT-reUSD - ~11.5% fixed to 10 Dec, borrow USDC or USDG
Exponent welcomes @SteakhouseFi as a new market curator
Steakhouse brings its curation and risk frameworks, backed by $4B+ in non-custodial assets, to Exponent Markets
The first curated markets bring @onrefinance PT-ONyc and @re PT-reUSD to @kamino as fixed-rate collateral ↓
Double digit fixed yield on reinsurance products, curated by the best in the business, secured by the most battle-tested credit venue and powered by the leading yield and tranching market on Solana
Yeah I'm thinking these new markets absolutely cook
You can now choose how to earn from $apyUSD on @ExponentFinance@apyx_fi’s yield token earns dividends from digital credit instruments such as @Strategy’s $STRC
• PT-apyUSD: currently 15.16% fixed APY if held to February 11, 2027
• YT-apyUSD: leveraged exposure to future yield + 52x Apyx Pips
• LP: trading fees and underlying yield + 32x Apyx Pips
PT-ONyc is collateral on @kamino 👀
@onrefinance PTs via @ExponentFinance let loopers lock in a fixed yield on ONyc collateral, while Kamino's fixed-rate reserves lock in a borrow rate.
Combine the two and you get a known spread on the position
Reinsurance yield is now usable as collateral on @Solana.
@Kamino opened a PT-reUSD market curated by @SteakhouseFi, accepting @ExponentFinance's fixed-maturity tokens backed by @re's reinsurance yield.