The true potential of RWA distribution lies in taking established institutional assets and bringing them directly to the networks where capital actively flows. We are seeing exactly this progression as ONyc expands past its original ecosystem and makes its way to @Monad in the form of nONYC.
Developed by @onrefinance, ONyc offers onchain exposure to yield that is backed by reinsurance. Instead of relying on standard crypto-native incentives, these returns are driven entirely by collateral and underwriting premiums.
Up to this point, Solana has been the exclusive home for ONyc. The project quickly grew into a major onchain RWA there, boasting over $225M actively deployed throughout Solana DeFi.
To break out of those initial boundaries, nONYC utilizes Plume Vaults to wrap the asset. This smart packaging allows the token to seamlessly deploy into supported EVM networks, ultimately unlocking entirely new streams of liquidity and capital.
Developed by @onrefinance, ONyc offers onchain exposure to yield that is backed by reinsurance. Instead of relying on standard crypto-native incentives, these returns are driven entirely by collateral and underwriting premiums.
Up to this point, Solana has been the exclusive home for ONyc. The project quickly grew into a major onchain RWA there, boasting over $225M actively deployed throughout Solana DeFi.
To break out of those initial boundaries, nONYC utilizes Plume Vaults to wrap the asset. This smart packaging allows the token to seamlessly deploy into supported EVM networks, ultimately unlocking entirely new streams of liquidity and capital.