source avatarmufettis 🐋

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Another project on my radar is @onrefinance 🔥 You deposit your $USDC and receive $ONyc. Then you deposit this $ONyc into one of the platforms below: Currently, $139.58M is being managed and 5,500 people hold the $ONyc token. The yield of $ONyc comes from collateral deployed across DeFi and reinsurance underwriting premiums @kamino – 16.03% APY + 6x points + leveraged @Loopscale – 7.74% APY + 3x points @elementalfund – 18.95% APY + 4x points I’ve taken my position early, especially keeping a close eye on Kamino and Elemental Fund. They look quite attractive right now. However, Kamino feels risky since it is leveraged. Also, if someone joins with your referral and holds at least 100 $ONyc in their account for 3 days, you receive 10% of the points they earn during that period, and your ranking on the leaderboard is determined accordingly. > This is not paid advertising or collaboration

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