Hey folks, if you're chasing the next big thing in Solana's RWA scene, buckle up—OnRe just flipped the switch on their points system, and it's screaming "early bird" vibes. Backed by heavy hitters like Coinbase Ventures and Solana Ventures, plus a tight partnership with Ethena Labs, this isn't some fly-by-night meme play. It's a legit bridge to the $750 billion reinsurance market, all tokenized on-chain. Missed out on Huma or Hylo? This is your redemption arc.

Let's break it down simple: OnRe is like the blockchain's answer to those massive insurance policies that protect the big dogs from catastrophes (think hurricanes wiping out coastlines). They're Bermuda-licensed, meaning they're playing by real-world rules, and they've got the green light to accept crypto as collateral. No smoke and mirrors—just regulated reinsurance powered by DeFi.

How It Kicks Off: Deposit and Mint ONyc

Start by heading to the OnRe platform and depositing USDC. In return, you mint ONyc—a liquidity provider stablecoin pegged 1:1 to the dollar, much like Huma's PST. Right now, it's slinging a base APY of 9.08%, backed by premiums from actual reinsurance contracts. That pool of USDC? It's out there underwriting real risks, and the yields flow back to you holders.

The magic multiplier? Hold ONyc, and you rack up 1 point per day per $1 worth. Straightforward farming

- Conversational, native English is required, with simple explanations for technical terms.
, but with room to juice it up.

Level Up Your Points: DeFi Strategies for Max Gains

Don't just HODL—leverage ONyc across Solana's DeFi ecosystem for multipliers and bonus airdrops. Here's the playbook straight from the thread:

• Base Game (1x Points): Simply hold ONyc in your wallet. Easy entry, steady drip.

• Liquidity Pools (2x Points): Throw it into Raydium, Orca, or Meteora. You're providing liquidity for ONyc pairs, earning swap fees on top of points.

• Lending Boost (3x Points): Lend your USDC (or looped ONyc) on Loopscale. This nets higher yields, triple points, and positions you for Loopscale's own airdrop. Pro tip: It's low-risk lending with real backing.

• God Mode (4x Points): Loop ONyc on Loopscale for recursive yields, or snag YT-ONyc (yield tokens) on Exponent. Either way, you're stacking 4x points plus Exponent's upcoming drop.

Fabiano's thread even drops a visual guide to these strategies—check the original post for the full deets.

Safety First: Audits and Regs

OnRe isn't winging it. The protocol's been audited by Quantstamp, and the company's fully authorized in Bermuda. Still, as with any fresh launch, Fabiano advises using a burner wallet unlinked to your main stack. Smart money moves.

Why This Could Be Solana's Next RWA Moonshot

What gets me hyped? OnRe's cash flow is rock-solid, tied to traditional reinsurance revenues—not crypto market whims. In bull or bear, they're printing premiums that could fuel buybacks, revenue shares, or token incentives down the line. Paired with Solana's speed and Ethena's synthetic dollar tech, this is institutional yield on steroids.

If you're a DeFi degens or just dipping toes into RWAs, OnRe's points launch is your ticket to early positioning. Farm those points, stack yields, and watch for the airdrop whispers. Who's jumping in? Drop your strategies below—we're building the knowledge base one thread at a time.

For more on Solana's wild RWA ride, peep our guides on Huma Finance yields or Ethena's sUSDe mechanics. Stay early, stay informed.