Unofficial reader. Points have no cash value.

Live NAV · published multipliers

See the points before you pick the venue.

NAV and base APY come from OnRe. The estimate is the documented formula, not a second yield.

NAV1.155508
Base APY11.02%
Pool AUM$285.6M
Wallets24,482

What OnRe is

In their words: the world’s onchain reinsurance company.

ONyc is a yield-bearing dollar asset. The yield comes from reinsurance premiums and collateral returns, not from token emissions. Minting with USDC or USDG puts capital into the pool that collateralizes short-duration insurance placements.

Points then measure how that ONyc is deployed. One point per ONyc per day, times the venue multiplier. Points are not cash, not transferable, and not a claim on a token.

Network
Solana
Mint with
USDC or USDG
Yield
Premiums and collateral
Redeem
In the OnRe app
Points
Not cash
Daily rank
00:00 UTC

How capital moves

  1. 01

    Mint

    USDC or USDG in the OnRe app becomes ONyc.

  2. 02

    Deploy

    Hold it, lend it, pool it, buy yield, or loop it.

  3. 03

    Multiply

    The venue sets the published rate, from 1x to 6x.

  4. 04

    Accrue

    Points post continuously. The daily rank is 00:00 UTC.

Where capital can sit

Ranked by the multiplier OnRe published. Same dollars, same days: a higher bar means more points. Kamino loop is listed as 6x plus leverage, and that extra is not a fixed number.

  1. 01

    Kamino · Loop

    ONyc / USDG, USDC, USDS

    6x + leverage

  2. 02

    Loopscale · Loop

    ONyc / USDC, USDT, USX

    6x

  3. 03

    Exponent · Yield token

    ONyc

    5x

  4. 04

    RateX · Yield token

    ONyc

    5x

  5. 05

    Elemental · Loop

    ONyc / USDC

    4x

  6. 06

    Kamino · Lend

    ONyc, USDG, USDC, USDS

    3x

  7. 07

    Loopscale · Lend

    USDC

    3x

  8. 08

    Kamino · Liquidity

    ONyc / USDG, ONyc / JitoSOL

    2x

  9. 09

    Orca · Liquidity

    ONyc / USDC, ONyc / JitoSOL

    2x

  10. 10

    Raydium · Liquidity

    ONyc / USDG

    2x

  11. 11

    Wallet · Hold

    ONyc

    1x

Named venues are from OnRe’s referral program table. Wallet hold is the 1x base tier in the points program. Campaign boosts are not added.

Estimate

Dollars convert at the live NAV. Lending is the documented 3x–4x range.

Lend multiplier

10,000 USD is 8654.201446 ONyc at NAV.

Base yield if this APY held 60 days: ~$181. That is cash yield, not points.

Hold

Wallet · 1x · No liquidation

519,2528,654.2 / day

Provide liquidity

DEX pools · 2x · Inventory risk

1,038,50417,308.4 / day

Lend or deposit

Lending, vaults · 3x of 3x–4x · Protocol risk

1,557,75625,962.6 / day

Yield token

Fixed-rate YT · 5x · YT price can fall

2,596,26043,271.01 / day

Loop

Leveraged ONyc · 6x · Liquidation

3,115,51251,925.21 / day

Leaderboard

Top 10 of the public board · 20:15:09 UTC. Search works for every wallet on it, not only these ten.

Most points from a small amount

Same $100 of ONyc, held 60 days. A higher multiplier is more points, not a higher base APY. Leverage can make your own cash smaller than the ONyc it controls, and it can liquidate you.

01 · smallest equity

Kamino loop

6x + leverage

ONyc against USDG, USDC, or USDS. Borrowing means a small deposit can sit under a larger ONyc balance, so both the reinsurance yield and the points apply to that larger balance. OnRe does not publish the extra leverage factor, so it is not added to the estimate.

31,155 pts on $100 of ONyc

Liquidation if the loop moves against you.

02 · flat 6x

Loopscale loop

6x

ONyc against USDC, USDT, or USX. Same published 6x as the Kamino base, without an extra unpublished leverage line. Still a loop, so the size is the ONyc in the position, not a promised bonus on top.

31,155 pts

6× the points of holding the same ONyc.

03 · no borrow loop

Exponent or RateX

5x

Buy the ONyc yield token instead of looping. Points are 5x on the YT balance. You skip the borrow, and you take the risk that the yield token itself falls.

25,962 pts on $100 of ONyc

Hold and LP stay at 1x and 2x, so the same $100 earns fewer points.

Base APY stays the live OnRe number (11.02%). These paths do not replace it. Points have no cash value. Nothing here is a recommendation to loop or to use a specific leverage.

On stage

ONyc on the Vault Summit screen. Holder growth next to the other tokenized funds, then the Kamino RWA chart with ONyc on top.