Onchain Yield Coin (ONYC) stablecoin analytics
ONYC is a Solana-based NAV-accreting yield token backed by OnRe-managed structured insurance and reinsurance positions; not a hard $1 peg.
Static Profile
Static stablecoin profile
Onchain Yield Coin (ONYC) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated Jun 12, 2026
ONYC is a Solana NAV token tied to OnRe-managed structured insurance and reinsurance yield, not a plain $1 payment stablecoin with cash in a bank account. Its value is meant to accrue from insurance-market collateral returns, with Apex Group audit coverage and OnRe's Bermuda...
AI summary · drafted by gpt-5-codex · reviewed by Codex data review on Jun 12, 2026 · facts as of Jun 12, 2026
- Collateral
- Tokenized exposure to OnRe-managed structured insurance and reinsurance yield products, designed to hold stable value while distributing real-world insurance-market returns through NAV appreciation
- Peg Mechanism
- ONYC is a yield-bearing stable-value token rather than a fixed $1 wrapper; the token value accrues yield from OnRe's structured insurance collateral strategies, with primary-market access governed by OnRe's platform terms
- Jurisdiction
- Bermuda / Bermuda Monetary Authority / IIGB and DABA licenses (Segregated Accounts Company)
- Proof Of Reserves
- Independent Audit by Apex Group Reserve source
- Contracts
- 1 deployment tracked across Solana.
Snippet Answer
Is ONYC safe?
Pharos does not mark ONYC as absolutely safe. Static metadata says Onchain Yield Coin uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from Apex Group; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety onyc-onre
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Jun 12, 2026.
ONYC quick answers
What is Onchain Yield Coin (ONYC)?
ONYC is a Solana-based NAV-accreting yield token backed by OnRe-managed structured insurance and reinsurance positions; not a hard $1 peg. The static profile records its US Dollar peg mechanism as: ONYC is a yield-bearing stable-value token rather than a fixed $1 wrapper; the token value accrues yield from OnRe's structured insurance collateral strategies, with primary-market access governed by OnRe's platform terms
What backs ONYC?
Pharos classifies ONYC backing as Real-World Asset Backed. Collateral, per the static profile: Tokenized exposure to OnRe-managed structured insurance and reinsurance yield products, designed to hold stable value while distributing real-world insurance-market returns through NAV appreciation Reserve evidence: Independent Audit from Apex Group.
Can ONYC be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for ONYC, when applicable, appear in the dossier below.