OnRe

How to Earn OnRe Points?

1. Visit the OnRe Website
2. Complete Account Setup
   • Sign up for an OnRe account
   • Complete the KYC (Know Your Customer) verification process
3. Connect Your Wallet
4. Acquire USDC
   • You need USDC to deposit and buy ONyc tokens
   • Purchase USDC from Binance or bridge assets using Rhino Bridge
   • Transfer USDC to your connected Solana wallet
5. Deposit USDC and Mint ONyc
   • Navigate to the deposit section in the OnRe app
   • Deposit your USDC to mint ONyc tokens
   • ONyc tokens will begin earning base rewards immediately

OnRe Points Earning Strategies

1. Base Holding Strategy (1x Multiplier)

• Points Earned: 1 point per ONyc per day
• Requirements: Simply hold ONyc in your wallet
• Best For: Conservative users who want passive income from reinsurance yield plus points
• Additional Benefits: Access to real-world yield from reinsurance performance

2. Liquidity Provision Strategy (2x Multiplier)

• Points Earned: 2 points per ONyc per day
• Platforms: Kamino, Orca, Raydium DEXs
• Process:
  • Visit supported DEXs
  • Create liquidity pools with ONyc pairs
  • Maintain LP positions to earn multiplied rewards
• Additional Benefits: Trading fee income from LP positions
• Best For: Users comfortable with impermanent loss risks

3. Lending and Borrowing Strategy (3x Multiplier)

• Points Earned: 3 points per ONyc per day
• Platforms: Kamino, Loopscale
• Process:
  • Supply ONyc as collateral to lending protocols
  • Earn lending yields plus multiplied OnRe Points
  • Advanced users can implement looping strategies for higher multipliers

4. Yield Trading Strategy (4x Multiplier)

• Points Earned: 4 points per ONyc per day (maximum multiplier)
• Platform: Exponent
• Process:
  • Provide liquidity for YT-ONyc (Yield Token ONyc)
  • Hold YT-ONyc positions in yield markets
  • Speculate on future yield rates while earning maximum points
• Best For: Advanced DeFi users familiar with yield tokens

Advanced Strategy: Looping for Maximum Points

The highest point multipliers can be achieved through looping strategies on Loopscale:

1. Access Loopscale
   • Navigate to the ‘Loop’ section
   • Search for ONyc
2. Execute Looping Strategy
   • Current maximum APY available is approximately 12.3%
   • Review health status and liquidation price before proceeding
   • Note: Health may show around 12%, but risk is relatively low due to both tokens being stablecoins
   • Maintain positions for extended periods to minimize execution impact
3. Monitor Position Health
   • Regularly check liquidation price
   • While depeg risk exceeding 12% is very unlikely, it’s not impossible
   • Adjust positions as needed based on market conditions

Frequently Asked Questions

Is OnRe Points a Confirmed Airdrop?

OnRe has not explicitly confirmed that points will lead to a token airdrop. However, the points system creates a framework for future reward distribution, and similar programs in DeFi have historically preceded token launches.

What Are the Minimum Requirements to Participate?

Users must complete KYC verification, connect a Solana wallet, and deposit USDC to mint ONyc tokens.

How Are Points Calculated and Tracked?

Points accrue daily based on ONyc holdings and deployment strategies. The OnRe app provides real-time tracking of positions, points earned, and multiplier status.

What Happens to Points Over Time?

OnRe Points accumulate indefinitely in user accounts. The program is designed for long-term ecosystem building rather than short-term incentives, suggesting points may have future utility beyond the current reward structure.

Conclusion

OnRe Points represents a unique approach to DeFi rewards by incentivizing genuine capital efficiency rather than simple token farming. The program rewards users who actively contribute to the ONyc ecosystem through various deployment strategies, from basic holding to advanced yield trading.

While not a confirmed airdrop, the comprehensive tracking system and institutional backing suggest significant potential value for early participants.

The multi-tiered reward structure allows users to choose strategies that match their risk tolerance while contributing to ecosystem growth. Whether starting with conservative holding strategies or pursuing maximum multipliers through advanced looping techniques, OnRe Points offers opportunities for both beginners and experienced users.