This story was originally published on HackerNoon at: https://hackernoon.com/onyc-launches-on-kamino-unlocking-real-world-yield-and-collateral-utility-in-solana-defi.
This development enables the integration of real-world yield sources into DeFi applications. Incentive programs from USDG and Ethena have launched to reduce bor
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OnRe's yield-bearing asset, ONyc, is now accepted as collateral within Solana's decentralized finance (DeFi) ecosystem. This development enables the integration of real-world yield sources into DeFi applications. Incentive programs from USDG and Ethena have launched to reduce borrowing costs and enhance yield opportunities.