Resources

There is a tendency in this market to chase what appears to be progress.Faster systems, greater leverage, improved user experience, and deeper composability have all contributed to the growth of DeFi. These developments are meaningful and should not be dismissed. But with the recent hack of Drift, I feel DeFi always returns to the same question.

What began as validation is now taking shape as our thesis plays out in real time.

Over the last decade, less than half of the world's economic losses from natural catastrophes were insured. The remaining deficit runs into hundreds of billions annually. The industry calls it the "protection gap."

Recent exploits haven’t introduced new risks, they’ve exposed the same ones again and again. OnRe is structured differently, with those risks in mind.

One fire exposed a flaw in global finance. 180 years later, that system is being rebuilt onchain.

As adoption accelerated in February, demand for real world, uncorrelated yield continued to build. The growth of ONyc reflects a broader shift: reinsurance is emerging as liquid infrastructure for internet capital markets.