
Dan Roberts
201 posts



1/ We’re excited to continue our support of @onrefinance as co-lead of its Series A. OnRe shows what an RWA can be at its best, pairing the strength of reinsurance yield with the composability of crypto. Since we originally backed the team, DeFi users have become more eager for risk-adjusted yields while onchain products have increasingly offered one-click access to varied RWAs (akin to actively-managed credit funds). OnRe has benefited from these trends, growing its TVL by $100m this year and becoming a top-20 Solana protocol. More on our OnRe thesis ↓





Forward Industries and @Rockaway_X have co-led @onrefinance's $5M Series A. Separately, $FWDI is deploying up to $25M into ONyc, OnRe's revenue-bearing RWA token on Solana. Durable, uncorrelated yield. Built on @solana.

While OnRe was not directly impacted by the Drift exploit, our thoughts are with those affected across the ecosystem. Moments like this test confidence in the short term. Over time, they clarify how systems are structured, how risk is contained, and how the ecosystem responds under pressure. The past 48 hours have been tough, but equally notable was how quickly teams coordinated and supported one another across @solana. That kind of response is what strengthens the ecosystem. OnRe is built on segregated reserves, defined control layers, and disciplined capital deployment into reinsurance contracts, with yield derived from underwriting income rather than reflexive onchain activity. With the safety of ONyc holders as a top priority, we’ve shared an overview outlining these design principles across safeguards, governance, and operational security. We continue to work with our partners to strengthen data integrity across our markets and remain committed to advancing a more secure and resilient DeFi ecosystem. Solana strong.










ONyc is a top 5 RWA asset in DeFi with $72M+ in active TVL. Attestation recency and frequency are now highlighted directly on @DefiLlama’s RWA pages, making transparency and verification more accessible to ONyc holders. Built to institutional standards: docs.onre.finance/legal/security…



RWAs now dominate all top 5 spots for swaps by volume $ONyc moves up 2nd place as the @onrefinance market passes over $56M in TVL, making it the 3rd largest RWA market on Kamino New ONyc routes on Kamino Swap make it easier than ever to get the best entries via Multiply ⤵️




The OnRe Market sets a new ATH. Reinsurance-backed yield powering capital efficiency on Kamino.
