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The $ONyc deposit cap has increased from $30M to $50M, and LTVs have been raised from 50% to 60% on Kamino. OnRe brings reinsurance premiums and collateralized treasuries onchain to Solana, unlocking scalable yield for depositing, borrowing, and multiplying up to 2.5x with $USDC and $USDG. Scale OnRe on Kamino.
1/ Caps on Kamino's @onrefinance Market have just been raised (again) Caps are now increased from $6M to $20M, opening up an additional $14M for ONyc Multiply And, in collaboration with @global_dollar, users borrowing $USDG against ONyc receive $30K in monthly rewards https://t.co/ZIVCmlDitK
Caps on the @onrefinance market were hit shortly after launch, and have just been raised by 50%, up to 6M Significantly, $ONyc is now onboarded to Kamino Multiply—enabling up to 2x leverage to OnRe's reinsurance yields First come. First serve. https://t.co/vW6JK3E2O6
The initial cap for $ONyc was filled in under 48 hours. Caps have now been raised to $4.5M—with $30K monthly incentives for $USDG borrowers, in collaboration with @global_dollar and @onrefinance First come. First serve. Quote [@KaminoFinance](https://www.twitter.com/KaminoFinance/status/1952735554317021562) > 1/ Welcoming @onrefinance to Kamino—the first reinsurance protocol on @solana, powered by @chainlink data streams > > Now available as collateral on Kamino, the $ONyc token gives users access to reinsurance underwriting, currently generating ~14% APY on USDC > > Deposits capped at $2m. https://t.co/fzIpLcUx8L
1/ Welcoming @onrefinance to Kamino—the first reinsurance protocol on @solana, powered by @chainlink data streams Now available as collateral on Kamino, the $ONyc token gives users access to reinsurance underwriting, currently generating ~14% APY on USDC Deposits capped at $2m. https://t.co/fzIpLcUx8L
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