The Good Tech Companies - ONyc Launches On Kamino, Unlocking Real-World Yield And Collateral Utility In Solana DeFi

Episode Date: August 5, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/onyc-launches-on-kamino-unlocking-real-world-yield-and-collateral-utility-in-solana-defi. This development enables the integration of real-world yield sources into DeFi applications. Incentive programs from USDG and Ethena have launched to reduce bor Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #chainwire, #press-release, #solana-blockchain, #stablecoin, #crypto-yields, #blockchain-development, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. OnRe's yield-bearing asset, ONyc, is now accepted as collateral within Solana's decentralized finance (DeFi) ecosystem. This development enables the integration of real-world yield sources into DeFi applications. Incentive programs from USDG and Ethena have launched to reduce borrowing costs and enhance yield opportunities.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Onyc launches on Camino, unlocking real-world yield and collateral utility in Solana Defi, by Chainwire. Hamilton, Bermuda, August 5, 2025, Chainwire, Onre's yield-bearing acid, Onyc, is now accepted as collateral within Solana's decentralized finance, Defi, ecosystem. This development enables the integration of real-world yield sources into Defi applications. Incentive programs from USDG and Athena have launched to reduce borrowing costs, enhance yield opportunities, and support the use of real-world collateral on-chain. On-chain yield coin, onyc, a yield-bearing, stable-backed asset issued by Henri, is now live on Camino, Solana's largest defy money market. This integration marks the first-time reinsurance-backed

yield is being used asin chain collateral in Solana Defi, opening access to real-world risk through accomposable, liquid, and resilient acid. A new form of yield in DFIC Amino secures over $700 million in stable coin TVL and underpins liquidity and capital strategies across the Solana ecosystem. With Onyc now live on Camino, users can leverage Onyc as collateral for borrowing, lending or looping strategies. Earn approximately 14% plus base yield uncorrelated to crypto volatility. Enter or exit positions 24-7 with on-chain liquidity. Track nav in real time through verifiable pricing data. Together, these capabilities make Onik a powerful tool for capital deployment across market conditions. By enabling lending, borrowing, and looping in a fully

composable way, Onik brings real-world yield into active use across Solanadefi ecosystem. The Integration is powered by chain-link's on-chain nav solution, which sources Onyx net asset value from Henri and delivers it in real-time via chain-link data streams. This ensures tamper-resistant pricing and enables secure collateralization, supporting reinsurance-backed strategies with verifiable on-chain fund valuations. Greater than, Onix launch on Camino marks a broader shift in Defi, bringing real-world greater than yield to Solana with the transparency, liquidity, and composability the greater-than-ecosystem was built for, said Dan Roberts, co-founder and CEO of Henri. Greater than, it introduces a new

class of collateral designed to perform through market greater than cycles and support sustained defy activity. Solana has become a hub for greater than capital innovation, and Camino continues to set the standard for how greater than real world assets should operate on chain. Incentives designed for early participation to encourage early adoption, Henri is launching incentive programs in collaboration with Camino, Global Dollar Network, and Athena. Borrowing I-N-C-E-N-T-I-E-S-A-200,000 rewards pool is available to lower borrowing costs for users who depositonic is collateral to borrow USDG on Camino. This reduces costs and creates room for more favorable yield spreads.

Greater than, this marks one of the first fully permissionless implementations of greater-than-real-world yield distributed directly on-chain through Defi, said Nick Robnet greater than at Paxos, on behalf of global dollar network. Greater than, we are proud to support Onyx launch on Solana and Camino, leveraging USDG greater than to advance OnRIS vision of bringing real-world assets with intrinsic value greater than on-chain and making them accessible to a global user base. Looping strategies participants can also redeploy borrowed USDG to acquire additional onic or other assets, increasing exposure and unlocking higher returns.

Incentives apply on up to $20 million in total borrowing, volume. Athena points multiplier, in addition, Henri is offering a 5x Athena points multiplier to ONIC holders on qualifying SUSDE deposits, unlocking additional rewards for those providing real-world yield collateral. Integration of real-world yield mechanisms in Defeo NYC integrates premium-backed yield from real-world assets with decentralized finance, defy, infrastructure, enabling an on-chain structure designed to support scalability and diversification beyond traditional financial instruments. Greater than, one of the most exciting things for Camino's users is onboarding high quality greater than collateral assets, and Onyk is a great example of that.

Access to credit and greater than leverage for onic holders, powered by Camino, is a great example of bringing greater than defy utility to tokenize real-world investments, said Mark Hull, a Camino greater than contributor. With base yields above 14% and expanding utility across Solana, Onyk gives user a high-performing alternative to traditional defy strategies. Mint directly on the Henri app or swap instantly using Camino swap in the Henri market. About Camino, Camino Finance is the largest money market on Solana, with over $4 billion in assets deployed across its suite of credit, leverage, and liquidity products. Through products like automated liquidity vaults, the K-Lend lending market, and tools for

advanced trading strategies, Camino helps users and institutions deploy capital authority. efficiently. Camino is the go-to platform for funds, market makers, and stablecoin issuers operating at scale on Solana. About Global Dollar Network, Global Dollar Network is the world's fastest growing stablecoin network with unmatched economic upside. Powered by Global Dollar, USDG, a US dollar-backed stable coin issued by Paxos Digital Singapore and Paxos issuance Europe, Global Dollar Network offers a transparent and equitable economic model that rewards partners for their contributions. Global dollar network partners include industry leaders such as Anchorage Digital, Bullish, Cracken, OKX, Paxos, Robin Hood, World Pay, and more. Note, USD Gees available on Solana, Inc. and Ethereum.

About ChainLink, ChainLink is the backbone of the blockchain industry, the global standard for connecting blockchains to real-world data, other blockchains, governments, and enterprise systems. Chainlink has enabled tens of trillions in transaction value across the blockchain economy. powering critical use cases across defy, banking, tokenized real-world assets, RWA's, cross-chain, and more. Users can learn more by visiting chain. Link, about Henri-onre bridges the reliability of the $750 billion global reinsurance market with the transformative power of blockchain. Licensed to deploy digital assets as insurance collateral, Henri provides a new class of investors with direct access to consistent real-world yield through structured products designed to perform

across market cycles. With a focus on transparency, scalability, and capital efficiency, Enri is transforming how capital is deployed, bringing opportunity to a system that Hosh historically been out of reach. Disclaimer. This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation to buy any securities or digital assets. ONIC may be accessible via decentralized protocols such as Camino, but Henri does not operate or control any secondary market for the token. Secondary trading occurs independently of Henri. Capital is at risk.

Redemption with Henri's only available to qualified investors. Access may be restricted in certain jurisdictions. Contact head of operations Sarah George Henri Serra at Onre. Finance this story was published as a press release by Chainwire under Hackernoons Business Blogging Program. Thank you for listening to this Hackernoon story, read by artificial intelligence. Visit hackernoon.com to read, write, learn and publish.