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If you're knee-deep in the Solana ecosystem, chasing those juicy yields while keeping an eye on the next big meme token pump, you've probably heard the buzz around OnRe Finance. This onchain asset manager just dropped their OnRe Points program, and it's a game-changer for anyone deploying capital across Solana's DeFi landscape. Think reinsurance-backed yields that reward you for parking your ONyc tokens in protocols like Kamino Finance, Orca, Raydium, Loopscale, and Exponent. The goal? Supercharge capital efficiency and make yield farming feel less like a grind and more like a smart play.
At its core, OnRe Points incentivizes you to put your ONyc to work in high-impact activities—yield trading, looping, lending and borrowing, or liquidity provision. Deploy more, earn multipliers (up to 4x points boosts), and watch your rewards stack up. It's not just about the APY; it's about layering in points that could unlock future airdrops or governance perks down the line. For meme token holders looking to hedge or amplify their bags, this is a low-friction way to generate passive income without ditching the fun side of Solana.
Let's break it down based on the latest snapshot from the OnRe dashboard. These numbers fluctuate with market vibes, but they give a solid snapshot of where the opportunities lie right now.
Yield Trading: Quick Wins for Active Traders
Starting simple, yield trading on Exponent is leading the pack here. With a TVL of $1.95M in ONyc and a solid 9.12% APY, you're looking at a 4x points boost. If you're flipping positions or arbitraging yields, this is your spot—low barrier to entry, high multiplier for points farming.
Looping Strategies: Amplify Your Leverage
Looping is where things get spicy, especially if you're comfortable with a bit of leverage. Kamino Finance dominates with two strong options: ONyc/USDC at 27.03% APY on $0.3M TVL (3x boost) and ONyc/USDC again at 22.03% on $0.7M (another 3x). Loopscale rounds it out with $2.9M TVL, though APY is N/A—still a 3x boost for the risk-tolerant. Pro tip: Start small to test gas fees on Solana (they're dirt cheap anyway), and use tools like SolanaFM to track your loops without breaking a sweat.
Lending & Borrowing: Steady Eddies for Passive Income
For the set-it-and-forget-it crowd, lending and borrowing shines. Kamino again flexes with USDC lending at 4.31% APY on $8.9M TVL (3x boost) and USDC at 5.31% on $0.16M (3x). Loopscale offers 14.08% on $5.8M TVL for USDC lending— that's a standout for borrowing against your meme holdings without selling. Borrowing rates can eat into yields, so crunch the numbers with a quick calc: effective yield = lending APY - borrow rate + points value.
Liquidity Provision: Fuel the Pools, Reap the Rewards
Wrapping up with LPing, where you provide liquidity to keep the DEXes humming. Kamino's ONyc/USDC pool hits $1.6M TVL with N/A APY but a 2x boost. Orca follows at $0.5M for ONyc/USDC (2x), and Raydium at $4.9M for ONyc/USDC (2x). Impermanent loss is the boogeyman here, but with Solana's speed and ONyc's stability (tied to reinsurance), it's mitigated. Pair this with a meme token LP for that hybrid thrill—yield from stables, upside from the wild side.
Why does this matter for the broader Solana scene? OnRe's reinsurance angle adds a layer of "real-world" backing to DeFi yields, making it more appealing for institutions dipping toes into meme-adjacent plays. Plus, with points multipliers, you're not just earning yield—you're positioning for whatever OnRe cooks up next, be it token launches or ecosystem grants.
Ready to dive in? Head to OnRe Finance to claim your points and start deploying. Remember, DeFi's all about DYOR—check live APYs, watch for rugs (rare on Solana these days), and never ape more than you can handle. If this sparks your next big trade, drop a comment below: What's your go-to protocol for Solana yields?
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