Reinsurance backed assets are starting to play a bigger role in onchain credit and that is what makes this development interesting The @AllezLabs USDC vault now allocates over 50% of its capital to @onrefinance Markets on @Kamino with nearly $6M supplied across fixed and variable rate lending What matters here is not just the amount of capital involved but how reinsurance backed yield can become useful across DeFi instead of staying isolated in one strategy Connecting these assets to lending markets creates more ways to put capital to work while giving DeFi access to a different source of yield The next challenge is making sure liquidity risk and collateral quality can keep up as this market grows