The OnRe Market on
@kamino is one of the clearest examples of what DeFi was meant for.
Most markets are reflexive. Token incentives driving speculative yield.
OnRe flips that model.
On Kamino today, users can deposit ONyc as collateral, lend stablecoins at above-market rates, or loop to increase exposure to uncorrelated yields.
That creates a fundamentally different structure:
• Borrow demand tied to actual underwriting activity
• Yield sourced from premiums, not emissions
• Structurally uncorrelated to crypto cycles
This is why OnRe fits naturally inside Kamino. Real-world yield, flowing through
@solana DeFi rails.
That's why utilization has stayed consistently above 90%.
This is what institutional-grade yield looks like onchain.