Yield is nice, but knowing what you're actually holding matters more.
Allez Labs went through ONyc across 13 different risk areas and rated it high-quality collateral.
That kind of independent review gives me more confidence than another APY screenshot ever will.
This is what I mean when I say ONyc is becoming more useful across DeFi.
$120M deposited on Kamino, $50M+ borrowed and over 1,100 active loans.
People arenโt just holding ONyc for the reinsurance yield anymore, theyโre actually borrowing against it and putting that capital back to work.
Thatโs a much bigger story than APY.
Wow, $250M already! OnRe has really come a long way.
Seeing it up there with BlackRock, Circle, and JPMorgan in RWA ranking really shows how much it's grown.
And this is just reinsurance getting started on-chain.
Seeing $40M flow into ONyc on Exponent says a lot. What I like is that it's not just "deposit and hope." You can pick how much risk you want to take and adjust as you go. For me, that kind of flexibility is the real win.
Tinder, but for markets!
Rob vibe coded a @RobinhoodCrypto app where you swipe through tokens:
-Right to APE
-Left to PASS
Each card shows price, liquidity, volume, and market cap.
Reply โSWIPEโ if you want the prompt ๐จ
A year ago, ONyc launched on Kamino with just 2M in capacity.
Today, the OnRe Market has grown past $205M, with over $130M in ONyc collateral.
What stands out to me is the progress in between.
ONyc isn't just earning reinsurance yield anymore. It can now be used as collateral to borrow against and put that capital to work across DeFi.
Thatโs real RWA adoption to me. Bringing assets onchain is one thing. Making them useful onchain is where it gets interesting.
This is why I pay more attention to builders than market noise. OnRe doubling its TVL while many people were focused on price says a lot about where real demand is coming from.
One of the biggest advantages of tokenized finance is that transparency doesn't have to be an afterthought. It can be built into the product from day one.
Why Tokenization Is Bigger Than Crypto
Every major technology shift changes how we interact with something we already know.
The internet changed how we share information.
Smartphones changed how we communicate.
Tokenization is changing how we own and move value.
Most people hear "tokenization" and immediately think of crypto. In reality, crypto is just the technology that makes tokenization possible. The real story is what happens when real-world assets become digital.
Think about buying a house. It usually involves paperwork, banks, lawyers, waiting periods, and a significant amount of capital. The process is slow because ownership doesn't move easily.
Now imagine that same property represented by digital tokens on a blockchain.
Instead of selling the entire building, ownership can be divided into thousands of pieces. Someone in Nigeria could own a small fraction of an apartment in New York, while another investor owns a different percentage. Those ownership stakes can be transferred in minutes instead of weeks.
The building hasn't changed.
Only the way ownership moves has.
That's the power of tokenization.
We're already seeing this happen with assets like U.S. Treasury bills, private credit, real estate, commodities, and even reinsurance. Projects like OnRe are bringing reinsurance-backed yield onchain, allowing investors to access an asset class that was previously reserved for institutions.
What makes tokenization interesting isn't just accessibility. It's utility.
A tokenized asset doesn't have to sit idle. It can be used as collateral, traded across DeFi, earn additional yield, or integrate into entirely new financial products. The same asset becomes far more productive simply because it's programmable.
This is why many people believe tokenization will become one of the biggest trends in finance over the next decade.
It's not about replacing traditional assets.
It's about giving them a faster, more transparent, and more efficient way to exist in a digital economy.
The assets stay the same.
The infrastructure around them evolves.
A few months ago, this would've sounded ambitious. Today, it's reality. OnRe is now among the top 20 RWA asset managers. The pace of growth has been impressive to watch. ๐
The most important metric here isn't the 60x increase
it's the continued demand for $ONyc
When nearly 50% of the ecosystem's AUM is concentrated on a single DeFi venue
it highlights where users are choosing to deploy capital
@onrefinance Reinsurance yield is scaling fast on Kamino