OnRe, the reinsurance company on the chain, will launch its native token ONe and fund pool

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According to Foresight News, citing The Block, the regulated on-chain reinsurance company OnRe will launch its ONe token and fund pool. OnRe is supported by Ethena Labs, Solana Foundation, and RockawayX. The ONe token is built on the synthetic dollar protocol Ethena, generating returns from the Solana-based reinsurance pool, which is composed of sUSDe collateral returns and ONRE protocol incentives.

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