OnRe

OnRe issues ONyc, a yield-bearing token on Solana whose value tracks a portfolio of short-duration reinsurance contracts. Capital backing ONyc is held by On Re SAC Ltd, a Special Purpose Insurer regulated by the Bermuda Monetary Authority, and deployed into reinsurance positions where returns come from real-world premium income rather than token emissions or subsidies. The Solana program governs minting, redemption, on-chain NAV calculation, supply caps, vault accounting, and the role-based authority that operates the protocol.