Fixed-rate borrowing has arrived for ONyc.
OnRe Market participants on @kamino can now lock in an 8% USDC borrow rate against ONyc across rolling 30-day terms, with $1.5M in initial liquidity.
love it when a project is always making positive moves
another massive step for @onrefinance
now the first RWA issuer across DeFi to build its own PropAMM system, servicing liquidity directly on-chain.
Partnering with @Titan_Exchange to bring this to solana DeFi is huge
I have always felt yield alone will not be enough for RWAs. If you cannot move the asset easily when you need to, that becomes a problem. Seeing OnRe work on the liquidity side of ONyc with Titan makes a lot of sense as usage grows.
If you are already active around ONyc, the renewed Exponent incentives are worth checking. 8x points on ONyc limit orders, 3x on srONyc, plus rewards. Might as well make the position work.