Airdrop details

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OnRe

Hold ONyc for daily OnRe Points before adding optional DeFi exposure.

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Main risk: Reinsurance claims and underwriting results can reduce ONyc NAV

Risk
Medium risk
Weekly effort
20 minutes
Capital
Flexible, can unwind
Reward status
Points live
Campaign
Live
Reviewed
2 Sep

What to do

Keep active
  • Keep a recognised ONyc positionKeep ONyc in a position shown as recognised by the points dashboardOngoing

Positions to hold and habits to keep. Nothing to tick off.

Use the same capital with

  • LoopscaleONyc used as collateral on Loopscale, earning recognised deployment factor shown for the live strategy and protocol points from eligible lending or looping.
  • a supported yield marketeligible ONyc yield exposure held as YT on a supported yield market, earning recognised deployment factor shown for the live market.
  • a supported liquidity venueONyc supplied as liquidity on a supported liquidity venue, earning recognised deployment factor on the ONyc side.
Risk register

Risks

  • Account segregation does not remove underwriting or principal risk
  • No published formula links points to a token distribution
All 5 risks
  • Reinsurance claims and underwriting results can reduce ONyc NAV
  • Account segregation does not remove underwriting or principal risk
  • No published formula links points to a token distribution
  • Open Access may rely on secondary liquidity rather than direct primary redemption
  • Supported DeFi venues add smart contract, liquidity and possible liquidation risk

Campaign evidence

OnRe provides onchain exposure to reinsurance through ONyc, a non-rebasing asset whose NAV reflects premiums, reserves, claims and collateral returns in a segregated Bermuda account. ONyc is not a stablecoin, and claims or underwriting results can move its NAV.

Measured activity
hold, lend, provide-liquidity
Reward mechanism
The published formula uses qualifying ONyc balance, time held and recognised deployment factors. OnRe has not published a points-to-token conversion or an entitlement linking points to a distribution, and campaign factors can change.
Reward certainty
Points program live

Flexible, can unwind. No identity verification is required. No dedicated hardware is required.

OnRe runs a live participation program around a productive onchain asset. It suits users who can evaluate reinsurance, liquidity and DeFi venue risk rather than treating ONyc like cash.

9 sources · Reviewed 2 Sep

Verified against primary sources on 2 September 2026. OnRe continues to recognise direct holding and supported DeFi deployments, including the Loopscale route. Recognised venues, access restrictions, redemption capacity and campaign factors remain time-sensitive.

Reviewed by @marinonchain

Airdrop campaigns can change or end without notice, and points may never convert into a token or reward. Use only capital you can afford to lose.