OnRe Bridges Traditional & DeFi: Opens $1.2T Reinsurance Market
OnRe, a pioneering onchain asset manager, has opened up the $1.2 trillion news market to decentralized finance (DeFi) users. This move bridges traditional and decentralized finance, providing a new route to real-world yield for DeFi participants.
The new structure, OnRe's latest innovation, positions itself as an alternative access point to the news market, historically accessible only to institutional investors. It operates independently of OnRe's regulated business, supporting self-custodied wallets and decentralized workflows.
To celebrate the launch, OnRe is hosting a two-week points campaign from October 1 to October 16. Early adopters are rewarded with enhanced multipliers. The campaign kicked off with a Day-One Super Boost, offering a 10x multiplier for ONyc acquired on October 1, retroactively applied over the first 14 days of holding. Following this, from October 2 to October 16, all newly acquired ONyc earns a 3x daily multiplier.
During the soft launch, over $1 million worth of ONyc was acquired through the new channel, demonstrating strong initial interest. The new channel provides DeFi users with a direct mechanism to access news-linked yield, expanding global access for ONyc.
OnRe's new structure is set to transform the news market, making it accessible to DeFi users for the first time. With enhanced multipliers and a successful soft launch, the future looks promising for this innovative integration of traditional and decentralized finance.
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