What is Onchain Yield Coin?

Onchain Yield Coin, developed by OnRe, focuses on providing investors with access to real-world returns through digital asset-backed insurance collateral. The platform emphasizes transparency, scalability, and capital efficiency while targeting yield-generating products designed for diverse market conditions. The first product, ONyc, is a multi-collateral asset backed by stablecoins used primarily for underwriting in reinsurance, aiming for a base yield exceeding 16%.

Currently, ONyc is collateralized in sUSDe, leveraging both traditional reinsurance performance and crypto-native yield opportunities. The design seeks to create a connection between digital asset investors and the reinsurance industry, which is valued at $750 billion. The structure of ONyc allows for compound returns through multiple yield sources, contributing to its overall return profile.