JackDaily

DeFi Trader & Farmer. Daily journal on trading, yield, bets & onchain moves. Day by day.

[JackDaily @jack_daily1]

Quick thoughts on @onrefinance and $ONYC.

You mint ONyc with USDC → OnRe deploys the capital into short-term reinsurance deals (insurance for insurance companies).

Yield comes from premiums + collateral returns. In normal years it performs well, but in black swan events, ONyc holders absorb the losses.

Currently integrated with Kamino, Loopscale, Exponent and others for looping strategies.

Unique high-yield RWA with real tail risk.

[YieldCompass @YieldCompass]

ONyc remains an outlier on the YieldCompass Yield x Risk Map.

TL;DR on how @onrefinance works:

-> Users mint ONyc with USDC.
-> OnRe deploys that capital into short-duration reinsurance deals.
-> Reinsurance is basically insurance for insurance companies: insurers pay premiums upfront to offload specific risks.
-> ONyc yield = underwriting return + collateral yield.
-> If major tail events occur, ONyc holders absorb losses. But in normal underwriting years, premiums exceed claims, generating differentiated yield for holders.

It is also increasingly integrated into major DeFi primitives, with @kamino now one of the main venues for looping ONyc.

If you are using that strategy, make sure you understand what sits underneath the yield.

Full ONyc risk profile on YieldCompass:
https://t.co/jxJpwn9n2g

[JackDaily @jack_daily1]

Looking for perps on $SPCX?

Highly recommend @PhoenixTrade.

Smooth as silk.

[JackDaily @jack_daily1]

Day 16: Interesting divergence happening right now.

RWA metrics are flying high while traditional DeFi TVL continues to drop. Two completely opposite directions.

This clearly shows the growing strength and real demand behind RWA-focused projects. Institutions and users want yield on real assets, not just another DEX.

My current attention in Solana RWAs:
> @xStocks
> @Backpack
> @sunrisedefi
> @onrefinance

Still accumulating points heavily on @xStocks. I believe they’ll be top 3 in this category by the end of the cycle.

The shift feels very real.

[JackDaily @jack_daily1]

@SolanaHub_ All in $xSol

[mert @mert]

privacy is similar to decentralization in that pursuing it for its own sake is not effective. it must enable something tangible

in the context of a monetary asset on an L1, it enables fungibility, security, and censorship resistance as well as providing the implicit social framework for the miners

the full backing of the entire L1 then reduces counterparty risk, which onboards serious capital, which then grows the anonymity set, which then helps onboard more serious capital, which then reinforces the monetary properties

privacy becomes the network effect that enables the money itself. I don't see how else you can scale the separation of money and state.

this is why zcash has the potential to be a generational project

[JackDaily @jack_daily1]

Quick $xSOL update. @hylo_so

> Currently sitting at 3.4x leverage
> Protocol dynamically adjusts between 2x and 4x
> Clean leveraged exposure to SOL with no liquidation risk

Also, xBTC is coming soon from Hylo.

I consider xSOL a much safer and more attractive option than perps for long-term conviction.

Already holding a bag and planning to keep accumulating.

[JackDaily @jack_daily1]

@Jaileddotfun 1 hour still nothing. I have things to do. bye

[JackDaily @jack_daily1]

@Jaileddotfun

[JackDaily @jack_daily1]

$xSOL hitting $22M in open interest. Not bad.

This is 3x leveraged exposure to SOL with zero liquidation risk, no margin calls, no collateral management. Just hold and chill

[Hylo @hylo_so]

$22,000,000 in open interest on SOL with 3X Leveraged Token solana:4sWNB8zGWHkh6UnmwiEtzNxL4XrN7uK9tosbESbJFfVs

• Right-sized exposure
• No collateral or margin management
• No forced liquidation
• For mid- to long-term conviction trading

[JackDaily @jack_daily1]

Holding $xSOL from Hylo gives you leveraged exposure to SOL with zero liquidation risk.

Great way to stay bullish on Solana long-term.

Depositing it on Loopscale also boosts your Hylo + Loopscale points.

Using my ref for extra boost: 1A0CMH

[JackDaily @jack_daily1]

Day 15: This week has been brutal with the house move and dad life, but I'm still trying to stay active in farming lol.

Quick points update:

> 22,000 xPoints on xStocksFi
> 65,000 points on Loopscale
> 3,900 points on OnRe
> 58,000 points on Hylo (Level 18)

Been thinking hard about stacking more xSOL. Honestly think it's one of the cleanest plays right now — leveraged exposure to SOL with no liquidation risk while still farming points. Feels like a smart way to prepare for the next bull run.

Also watching @Jaileddotfun. Their previous game $WEED went parabolic and then crashed hard (classic pump and dump vibes). There's potential, but I'm not going crazy. High risk, high reward.

One step at a time. Real life first, farming second 😂

[JackDaily @jack_daily1]

@Jaileddotfun Codes, follow me:

M2QNPE
BF29Q6
SUSOQP
H0N8RI
U42QJY

[JackDaily @jack_daily1]

i'm waiting at #54074

@Jaileddotfun launching soon

M2QNPE
BF29Q6
SUSOQP
H0N8RI
U42QJY

[SolanaFloor @SolanaFloor]

BREAKING: Weekly Perps trading volume on @Solana has surged to a new all-time high, surpassing $20 billion for the first time ever.

[JackDaily @jack_daily1]

Day 14: Solana Perps just went nuclear.

Broke fresh highs this week. Total volume hitting crazy levels.

Top 5 last 24h:
> GMTrade — $911M (67% market share)
> Pacifica — $274M
> Jupiter Perp — $146M
> Phoenix Perp — $20M (up 310% 7d)
> FlashTrade — $3M

Solana Perps 24h: $1.36B
7d: $20.4B
30d: $44.4B

GMTrade is eating everyone alive right now while Phoenix is catching serious heat with Toly support.

Perps on Solana are not playing games anymore.

W for the ecosystem.

[GMTrade @gmtrade_xyz]

Today's SOL flash crash separated the exchanges.

GMTrade wicked to $83.4894.

Same candle. Very different outcome for your position.

[JackDaily @jack_daily1]

Strong composability move

[Phoenix @PhoenixTrade]

Phoenix builder codes are live.

Flight Codes let any trading app, terminal, bot, or agent route order flow to Phoenix and collect a fee on every trade.

[JackDaily @jack_daily1]

Day 13: Real life has been heavy this week. Moved houses and handled a lot of dad duties. Finally caught up on farming yesterday and today.

Current status:

> Pulled my SPYX from PiggyBank. Wasn’t comfortable keeping funds there long term.

> Sitting at 14,000 xPoints on xStocksFi. Main strategy is depositing xSPY into Jupiter vaults to keep full price exposure while stacking points. Still claiming daily boost.

> Added exposure to ONYC. Really like the yield-bearing concept. Currently depositing it on Loopscale to farm points on both protocols.

> Very active on Loopscale running USDC Genesis, SOL Genesis and xSOL One vaults. Solid yields + points across Loopscale and Hylo.

> Holding a good bag of xSOL. Leveraged exposure to SOL without liquidation risk.

Slow and steady. Life comes first but still making consistent progress.

Will keep sharing the updates.

[JackDaily @jack_daily1]

1. What?

[Solana @solana]

.@Perps on Solana