OnRe Finance airdrop guide: how to earn points on Solana's first on-chain reinsurance protocol (2026)

What is OnRe Finance?

OnRe Finance is the world's first Bermuda-licensed on-chain reinsurance protocol, built on Solana, that gives DeFi users access to the $750 billion global reinsurance market - an asset class historically reserved for institutional investors - by letting them deposit USDC or USDT to mint ONyc, a yield-bearing stablecoin backed by real reinsurance premiums generating 10-16% base APY that is uncorrelated with crypto and equity markets. Reinsurance is the business of providing insurance to insurance companies - when a major insurer underwrites a large hurricane risk, for example, it transfers part of that exposure to a reinsurer to manage concentration. OnRe pools stablecoin deposits from Solana users into diversified reinsurance contracts underwritten by its own actuarial and underwriting team, creating a yield source that does not fluctuate with Bitcoin's price.

The protocol reached $181.7 million in AUM as of June 2026. It is backed by Ethena, Solana Ventures, and RockawayX. ONyc is fully composable across Solana DeFi and is integrated into Kamino Finance, Exponent Finance, Orca, and Raydium as supported deployment venues. The protocol also launched its ONe token in May 2025, offering reinsurance performance plus collateral yield plus token incentives. ONyc has become one of Solana's premier collateral assets specifically because its real-world-backed yield is uncorrelated with the crypto market cycle.

Is the OnRe Finance airdrop confirmed?

OnRe Finance has not officially confirmed a token airdrop, but it launched a live points programme in September 2025 that rewards ONyc deployment across DeFi with daily accruing points and multipliers up to 4x - and the combination of Solana Ventures and Ethena backing, a $181M AUM product, and a structured multi-tier points system signals that a token distribution is a plausible long-term direction.

The programme explicitly tracks on-chain contribution with a public leaderboard, referral system, and multipliers by deployment type, which is the infrastructure pattern typically built ahead of a distribution event rather than for its own sake.

Importantly, the competition is low relative to the backing. The leaderboard shows 16,073 total users as of June 2026 - an exceptionally small participant base for a Solana DeFi protocol with $181M in AUM and top-tier backers. Top 300-400 positions are held by users with 2-2.6 million points, meaning meaningful leaderboard positioning is achievable with modest capital compared to more saturated protocols.

OnRe Finance Airdrop Details

• Project: OnRe Finance

• Chain: Solana

• Type: On-chain reinsurance / real-world asset yield / stablecoin protocol

• Status: Ongoing - live, points programme active since September 2025

• Token: Not yet confirmed for airdrop (ONe token exists for protocol participants)

• Points rate: 1 point per ONyc per day at base holding rate

• Points multipliers: Base holding (1x), Liquidity Provision on Kamino/Orca/Raydium (2x), Yield Trading on Exponent YT-ONyc (4x)

• Leaderboard stats (June 2026): 16,073 total users - low competition relative to AUM

• Referral: 10% of referred user's points once they hold 100+ ONyc for 3+ days

• AUM: $181.7 million (June 2026)

• Backers: Ethena, Solana Ventures, RockawayX

• KYC: Required to deposit

• Exponent integration: 4x multiplier on YT-ONyc positions

• Join: app.onre.finance

How to Farm the OnRe Finance Airdrop

To earn OnRe points, complete KYC, deposit USDC to mint ONyc, and deploy ONyc into the highest-multiplier venue you are comfortable with - Exponent YT-ONyc at 4x being the top rate, followed by liquidity provision on Kamino at 2x, with base holding at 1x for the simplest strategy.

1. Complete KYC and connect a Solana wallet. Go to app.onre.finance. KYC verification is required to deposit into OnRe - this is due to the Bermuda regulatory framework under which the protocol operates. Complete verification before depositing.

2. Deposit USDC or USDT to mint ONyc. ONyc earns 10-16% base APY from reinsurance premiums while also accruing points. The yield is generated by real insurance contracts, not by token emissions or liquidity mining - making it structurally different from most DeFi yields.

3. Choose your deployment strategy based on risk tolerance:

   • Base holding (1x): Simply hold ONyc in your connected wallet. Simplest strategy, lowest multiplier.

   • Liquidity provision on Kamino, Orca, or Raydium (2x): Deploy ONyc into liquidity pools on any of the three supported DEXes for double points plus LP fees.

   • Yield trading on Exponent YT-ONyc (4x): The highest multiplier available. Exponent Finance's yield token market for ONyc allows you to speculate on or hedge the future yield of ONyc. The YT (Yield Token) position earns 4x points. Check Exponent Finance for current YT-ONyc market availability and terms.

4. Stack via Loopscale. Loopscale (a fixed-rate lending protocol on Solana) has an OnRe USDC Vault that uses PT-ONyc as collateral, offering approximately 12.56% APY and 3x points. This creates a dual-airdrop strategy where the same capital earns both OnRe points and Loopscale points simultaneously. See the Loopscale article for details.

5. Use the DeFi Opportunities tool. The OnRe app at app.onre.finance has a built-in DeFi Opportunities section that displays current point rates and APY for all integration pools in one place. Check this regularly as rates and available integrations update.

6. Build referrals for passive income. Your referral code from the leaderboard page pays 10% of every referred user's total points. Referrals stay pending until the referred user holds 100 or more ONyc for at least three consecutive days, at which point they become active and you start earning. With only 16,073 total users, each new referral represents a meaningful share of a small total pool.

How much does it cost to farm OnRe Finance?

The cost to farm OnRe is the USDC or USDT you deposit to mint ONyc, plus minimal Solana gas fees. The KYC requirement adds a one-time onboarding step but no ongoing cost. Unlike most DeFi farming, OnRe's base yield from reinsurance premiums (10-16% APY) means your farming capital is genuinely working while earning points - the net cost of farming is negative in yield terms even if no airdrop materialises.

The main risk is reinsurance performance: if the underlying portfolio of insurance contracts experiences higher-than-expected claims (a major hurricane season, for example), the yield can compress. This is the real-world risk that makes ONyc non-zero risk despite being a stablecoin. That said, reinsurance yields are designed to be uncorrelated with crypto markets - ONyc's yield does not go to zero because BTC drops 30%.

Is OnRe Finance safe and legit?

OnRe Finance is a legitimate, Bermuda-licensed, Solana Ventures-backed protocol with $181M in AUM and real underwriting infrastructure - it is not a typical DeFi yield farm but a regulated financial product with real-world insurance contract exposure, which makes it more credible than most on its regulatory dimension but also introduces real-world risk in its yield source.

The Bermuda licensing and KYC requirement signal a team that prioritised regulatory compliance from the start - unusual in DeFi and a positive indicator of long-term viability. ONyc buybacks and an ambassador programme are also running. Use only the official app.onre.finance domain, never share your seed phrase, and understand that the reinsurance yield can fluctuate based on real-world insurance loss events.

OnRe Finance Airdrop FAQ

What is ONyc and how is it different from other stablecoins?

ONyc is OnRe's yield-bearing stablecoin, pegged to USD and backed by USDC/USDT deposited into diversified reinsurance contracts. Unlike sUSDe (backed by Ethena's delta-neutral ETH strategy) or sDAI (backed by Maker's lending markets), ONyc's yield comes from real insurance premium income - a market that does not correlate with crypto volatility. This makes it especially useful as collateral in DeFi during crypto downturns, when most yield sources compress simultaneously.

What is the 4x multiplier on Exponent Finance?

Exponent Finance is a Solana yield-trading protocol (similar in concept to Pendle on EVM). It splits yield-bearing tokens into Principal Tokens (PT) and Yield Tokens (YT). Holding YT-ONyc on Exponent means you hold the right to ONyc's future yield stream - a leveraged bet on reinsurance yield performance. OnRe rewards this activity with a 4x points multiplier because YT holders are providing the liquidity that makes Exponent's yield markets functional. The trade-off is that YT positions can expire worthless if the yield underperforms expectations. Check Exponent Finance directly for current YT-ONyc market terms.

Does OnRe Finance require KYC?

Yes. KYC verification is required to deposit into OnRe and mint ONyc. This is a consequence of operating under Bermuda's regulated financial framework. The KYC process is completed in-app. Once verified, your wallet is permissioned for deposits and the points programme automatically tracks your ONyc holdings and deployments on-chain.

How does the referral programme work on OnRe?

Your personal referral link is displayed on the leaderboard page at app.onre.finance/earn/leaderboard. Share it with others and earn 10% of their total accumulated points once they hold 100 or more ONyc for at least three consecutive days. Referrals show as pending until this threshold is met. With only 16,073 total users, each referral represents a larger share of the total points pool than on more saturated protocols.

Can I stack OnRe and Loopscale points simultaneously?

Yes. Loopscale's OnRe USDC Vault uses PT-ONyc as collateral and awards both 3x OnRe points and Loopscale points on the same capital. This is one of the clearest dual-airdrop farming opportunities on Solana: deploy USDC into the Loopscale OnRe Vault and earn points toward both protocols simultaneously. See the Loopscale airdrop guide for specific vault instructions.

Related: Loopscale airdrop guide - farms OnRe points simultaneously via PT-ONyc vaults. Solstice Finance - another Solana stablecoin yield protocol. Full list: 200+ airdrops in 2026.