Onchain Yield Coin (ONyc) stablecoin analytics
Answer First
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-denominated NAV accounting 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
Is ONyc safe?
ONyc holds a C- Safety Score grade (51/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Onchain Yield Coin uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Agreed-Upon Procedures from Apex Insurance Fund Services Ltd. monthly agreed-upon-procedures NAV reports (series Nov 2025 through Aug 2026; August 31 report cover marked 'Un-audited', with detailed scope not verified in the current review; the historical July 31 report compares management-provided support and recomputes NAV, with no audit, actuarial or assurance conclusion and no direct third-party corroboration); 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.
Static Profile
Static stablecoin profile
Onchain Yield Coin (ONyc) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar-denominated NAV.
AI summary / Updated Sep 7, 2026
ONYC is a Solana NAV token tied to OnRe-managed structured insurance and reinsurance yield rather than a par-value payment stablecoin with cash in a bank account. Its value is meant to accrue from insurance-market collateral returns, with monthly Apex agreed-upon-procedures NAV statements and OnRe's Bermuda segregated-account licensing providing the institutional wrapper.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: OnRe Transparency Hub (Schedule of Assets, snapshot 2026-08-14)
- 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
- Agreed-Upon Procedures by Apex Insurance Fund Services Ltd. monthly agreed-upon-procedures NAV reports (series Nov 2025 through Aug 2026; August 31 report cover marked 'Un-audited', with detailed scope not verified in the current review; the historical July 31 report compares management-provided support and recomputes NAV, with no audit, actuarial or assurance conclusion and no direct third-party corroboration) Reserve source
- Contracts
- 1 deployment tracked across Solana.
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 Sep 7, 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-denominated NAV accounting 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
Is ONyc safe?
ONyc holds a C- Safety Score grade (51/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Onchain Yield Coin uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Agreed-Upon Procedures from Apex Insurance Fund Services Ltd. monthly agreed-upon-procedures NAV reports (series Nov 2025 through Aug 2026; August 31 report cover marked 'Un-audited', with detailed scope not verified in the current review; the historical July 31 report compares management-provided support and recomputes NAV, with no audit, actuarial or assurance conclusion and no direct third-party corroboration); 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.
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: Agreed-Upon Procedures from Apex Insurance Fund Services Ltd. monthly agreed-upon-procedures NAV reports (series Nov 2025 through Aug 2026; August 31 report cover marked 'Un-audited', with detailed scope not verified in the current review; the historical July 31 report compares management-provided support and recomputes NAV, with no audit, actuarial or assurance conclusion and no direct third-party corroboration).
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.
