🙌 OnRe and Ethena open DeFi access to the $750B insurance market through the ONe token on Solana:

ℹ️ OnRe, a Bermuda-licensed insurance project on Solana, supported by Ethena, the Solana Foundation, and RockawayX, launches the ONe token and a pool for investing in insurance risks. Revenue is generated from premiums from the insurance pool, returns from sUSDe from Ethena, and protocol incentives. Expected returns are ~30% in a bull market and ~8% in a bear market. The project utilizes Ethena's infrastructure (USDe and sUSDe), KYC procedures, and secondary DeFi pools (Orca, Kamino), providing DeFi access to yields previously available only to institutions.

🤑 Meanwhile, World raised $135 million from Andreessen Horowitz and Bain Capital Crypto through the sale of WLD tokens at market price to scale the network and increase the number of Orb-verified IDs (12.5 million out of 26 million users issued); funds are directed towards expansion in the USA and infrastructure development in preparation for the AGI era.

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