ONyc/USD price feed
ONyc is tokenized reinsurance: OnRe's yield-bearing dollar asset on Solana, built from reinsurance premiums plus the returns on their collateral. Pricing an instrument this unusual is the point of the page: an open-market dollar reading for an asset class that never had one.
Aggregate on-chain rate: hourly view of the last 4 weeks. The API itself updates block by block. Request API access
Book composition · auto-observed
The biggest pool holds more than half of this book at present; a handful of smaller ones share the remainder.
Reinsurance, tokenized
Reinsurance, the business of insuring insurers, has run on private capital for centuries. ONyc puts a slice of it on-chain: a token representing a proportional share of a regulated, segregated account that underwrites reinsurance plus collects the returns on its collateral. The token's value accrues as those flows come in, which is why the price sits above one dollar.
It is the most unusual asset class this catalog covers, which is rather the point. On-chain finance keeps absorbing instruments few expected to see there, each arriving with the same practical question attached: what is this worth right now, according to an open market? This page answers that question for ONyc, continuously. The stranger the instrument, the more that answer is worth.
A market that keeps re-forming
ONyc's market is young plus restless. In its short life the book has already re-formed more than once: quote assets have changed, new pools have arrived, early venues have shrunk to slivers. A book that restless is a fact about the asset rather than a flaw in it; young markets for unusual instruments reshape until they find their depth. The composition below states the current shape, refreshed as the market moves.
The method holds still while the book does not. Each pool enters at the weight the market gives it; quote assets that are not dollars resolve through their own measured markets before this number forms; every reading is block-pinned, filtered, stated with its depth. Whatever shape the book takes next, it will be read the same way.
It is among the most exotic pairs this catalog carries, priced with the same method as the deepest ones.
The narrow end, stated plainly
This is still the narrow end of the catalog: modest depth, thin weekly flow, a book that can be read in one glance. The page does not dress that up. Redundancy has grown since the feed's earliest days; depth of the kind larger books enjoy has not yet followed. Both facts belong on the page.
Covering the thin end anyway is a deliberate choice. A catalog restricted to the easy assets would be a list of things everyone already knows. The value of pricing what exists shows up at exactly these edges, where computed references are scarce. The specs above carry the same honesty, updated as the market updates.
Who runs on this rate
RWA plus credit listings
Yield-bearing dollar assets get proposed as collateral; a computed market rate is what turns that conversation from claims into numbers.
Desks with insurance exposure
A reinsurance return stream priced continuously by an open market is new; this page is where that number lives.
Solana treasuries
Positions in ONyc get marked in dollars; whatever route the market offers from token to dollar is computed here, block-pinned, ready to cite.
Where the ONyc market lives
Active ONyc/USD pools per chain, as observed by the feed on 2026-10-27.
ONyc in the catalog
6 pairs, each computed from its own pools with the same methodology:
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