Nowadays, investments that offer strong returns while remaining relatively safe are rare. Over the past six months, I’ve been closely analyzing one company — and things actually look even better than I first expected.
During the same period, the broader crypto market has been stagnating, and DeFi TVLs in particular have been going down.
DeFi TVLs since Sep. 2025: Solana: -30% Kamino: -28% Drift: -45% Meteora: -37%
But there’s one protocol whose TVL is growing faster than anyone else — from $30M to $80M in just two months.
If I’ve still got your attention and you’re reading this, you might be wondering which protocol I’m talking about.
It’s @onrefinance
“Wait — since when does OnRe give you free money?”
Of course, nothing in life is truly free. But in this breakdown, I’ll explain why this is essentially as close to free as it gets.
The up only model
You might know OnRe from their up-only coin, ONyc, a yield-bearing stablecoin. This is one of the very few “honeypot-looking” charts you can actually trust.
That this chart looks the way it does — and won’t suddenly drop 90% — is backed by a lot happening behind the scenes.
Let’s break it down:
OnRe is a Bermuda-licensed reinsurance company and currently the only one with regulatory approval to accept digital assets as collateral.
This allows them to connect the $850B insurance market with crypto — and essentially with Solana.
OnRe focuses on reinsurance.
That’s the insurance that large insurance companies buy to protect themselves against major events (think hurricanes, earthquakes, etc.).
Each deal has its own yield, and that yield is distributed back to ONyc holders.
And this completes the cycle:
Users deposit stablecoins (like USDC) into OnRe vaults.
These funds are then allocated to regulated reinsurance strategies.
The yield generated from these deals is distributed back to ONyc holders.
The Bonus yield
Many people still think ONyc is a stablecoin like USDC or JupUSD, but that’s not the case.
OnRe didn’t want to launch another standalone stablecoin. Instead, the collateral is diversified across existing stablecoins with very deep liquidity.
This is one of the reasons why a depeg for ONyc is far less likely than for most other new yield-bearing assets or stablecoins.
Some of the underlying stablecoins generate yield themselves.
Combined with the underwriting returns, this produces the monthly APY, which is currently around 11%.
But ONyc isn’t only safer because it isn’t a traditional stablecoin. More than 50% of the liquidity is used as a buffer ($48M) to absorb and balance potential market instability.
This makes ONyc one of the safest yield-bearing assets in the entire crypto space.
Free Money ?!
You might still be wondering where this “free money” comes from.
Simple — it’s on @Loopscale
For months, the looping APY was above 30% (and it’s still over 20%), which meant:
$10K → 1 year → ~$13K
$100K → 1 year → ~$130K
Since both tokens (USDC and ONyc) are dollar-pegged, this strategy is very low risk and liquidations are almost impossible if you remember what I wrote before.
Let’s also not forget that you earn OnRe points as well as Loopscale points, both of which will likely lead to an airdrop, further boosting the effective yield on top.
The yield you can trust
Nowadays, you see high yields everywhere. Most people don’t properly research where those yields are coming from, and not a few have lost everything because of it.
With OnRe, you have a credible and trusted source for where the yield is generated. Bear market or not, the $800B insurance sector continues to thrive and consistently produces returns.
Combined with diversified underlying stablecoins, this makes ONyc one of the best assets ever created for looping — without the usual risks of depegs or liquidations.
OnRe offers something no other project does, in both crypto and traditional finance.
If you like this content you can use my referral links down below:
@onrefinance: https://app.onre.finance/earn/leaderboard?ref=FABIANOSOL
@Loopscale: https://loop.sl/i/SAWc5
