OnRe Airdrop
About OnRe
OnRe is a fully licensed on-chain reinsurance platform built on Solana that accepts digital assets as collateral for writing reinsurance contracts. It brings traditional reinsurance market returns to crypto capital markets by combining blockchain infrastructure with a compliant investment framework. Its core asset, ONyc, is a stable yielding token backed by reinsurance premiums and collateral interest, enabling users to access institutional-grade, real-world yield while participating in one of the most resilient asset classes.
Why we choose OnRe?
We selected OnRe because it positions itself as the first fully licensed on-chain reinsurance company, directly linking reinsurance yields with DeFi through its ONyc token. Operating on Solana, ONyc is designed as a capital-efficient collateral asset that can be deployed across lending, liquidity, and yield strategies. The project is backed by investors including Ethena Labs, Solana Ventures, and RockawayX, with Quantstamp-audited smart contracts, underlining its institutional focus and ecosystem relevance.
OnRe Airdrop Guide
Airdrop Eligibility
Complete the tasks below in the How To section to maximize airdrop eligibility
How to get OnRe Airdrop?
1. Visit the OnRe website.
2. Sign up for an OnRe account.
3. Complete the KYC (Know Your Customer) verification process.
4. Connect your Solana wallet to the OnRe application.
5. Acquire USDC by either:
– Purchasing USDC from an exchange like Binance, or
– Bridging assets to Solana using a service such as Rhino Bridge.
6. Transfer your USDC to the connected Solana wallet.
7. Open the OnRe app and navigate to the deposit section.
8. Deposit your USDC to mint ONyc tokens; ONyc will start earning base rewards automatically.
9. To earn OnRe Points with a 1x multiplier, simply hold ONyc in your wallet.
10. For a 2x multiplier via liquidity provision:
– Go to supported DEXs such as Kamino, Orca, or Raydium.
– Create liquidity pools with ONyc trading pairs.
– Maintain your LP positions to earn trading fees plus 2x OnRe Points.
11. For a 3x multiplier via lending/borrowing:
– Visit lending platforms like Kamino or Loopscale.
– Supply ONyc as collateral.
– Optionally use looping strategies on supported platforms if you are an advanced user.
12. For a 4x multiplier via yield trading:
– Go to Exponent.
– Provide liquidity for YT-ONyc (Yield Token ONyc).
– Hold YT-ONyc positions in the yield markets to speculate on future yield rates and earn maximum points.
13. For advanced looping on Loopscale:
– Access Loopscale and navigate to the “Loop” section.
– Search for ONyc and set up your looping strategy (noting the current approximate APY and health metrics).
– Review your health status and liquidation price before confirming.
– Maintain positions for longer periods to reduce execution impact.
14. Regularly monitor your positions, liquidation risk, and point multipliers in the OnRe app and on the respective DeFi platforms.
15. Adjust or close positions as needed based on market conditions and your risk tolerance while continuing to accrue OnRe Points daily.
