Worth keeping an eye on this DeFi setup:

The core asset here is $ONyc. What caught my attention? You're looking at roughly 10% locked APY—not explosive, but steady. The real kicker is the OnRe Points system stacking on top of that base yield. While there's no official confirmation yet, these points are positioning holders for a potential airdrop down the line.

Risk-wise, I'd put this in the low-to-mid range. Not completely safe, but far from degen territory either.

Personally, I've been pairing this with a few other protocols that complement the strategy nicely: Kamino for leveraged yields, Loopscale for liquidity optimization, and RateX for interest rate hedging. The combo creates some interesting synergies if you structure it right.

The math works better when you're thinking medium-term rather than quick flips. That 10% compounds differently when you factor in the points accumulation—essentially building two positions simultaneously.