To get started, you need to get ONyc from @onrefinance.

It reflects value from reinsurance activity, backed by stablecoins like sUSDe and earning ~11.8% APY.

Then we will be using ONyc as collateral on @KaminoFinance to gain exposure to more yield.

Ways to get ONyc:

I’d just go with the swap, it's faster and no KYC.

Now, supply ONyc on Kamino:

You’re actually earning ~10% on the USDG borrow thanks to weekly rewards, not paying.

Plus, ONyc itself is giving you 11.8% yield. Keep in mind the liquidation LTV stay safe and borrow at 50%.

Once you borrow USDG, there are a lot of different ways you can use it.

The easiest one is to deposit it in lending vaults on Kamino.

The current yield is 14.4%, so in total this gives you a 36% APY, which is insane.

Next stop @humafinance pool with a 10% USDC yield.

Swap USDG to USDC on Kamino Swap, then deposit into Huma using Classic Mode.

You’ll receive PST token, use it as collateral on Kamino to borrow USDC.

Liquidation LTV is up to 80%, and the borrow rate is just 3.5%.

Borrowed USDC goes straight to @hylo_so to earn on hyUSD.

Mint hyUSD (small fee), then stake it in the Earn tab to get sHYUSD currently yielding ~20%.

With this loop, the total APY hits ~48%.

It’s a bit more complex and comes with higher risk, but that’s how your money should work.

The easiest way to see your real net APY across all protocols is with @jup_portfolio.

It shows your APY and an estimate of your yearly earnings all in one place.

To ensure that you can safely and quickly enjoy Solana DeFi, use Solflare Wallet!

Download now → https://www.solflare.com/ (Available on Android, IOS, Browser extensions)