ONyc is coming to
@Monad through nONYC.
Built by
@onrefinance, ONyc gives onchain exposure to reinsurance-backed yield, with returns generated from underwriting premiums and collateral rather than crypto-native incentives.
Until now, ONyc has been available only on Solana. nONYC packages the asset through Plume Vaults, making it deployable across supported EVM networks and opening access to new sources of capital and liquidity.
With more than $225M deployed across Solana DeFi, ONyc has already established itself as a significant RWA onchain.
Now, it’s moving beyond its original ecosystem.
This is what RWA distribution looks like: taking institutional assets that already exist and making them accessible across the networks where capital is already moving.