#77 | BETTER THAN BANKS? @Ayyan OnRe Finance on How Crypto is Eating the $750B Insurance Market

In this conversation, Ayyan Rahman discusses his journey in the crypto space, focusing on his role at ONRE, a company that aims to bring reinsurance on-chain. He explains the mechanics of their yield-bearing token, ON-YC, and the importance of transparency and trust in the DeFi ecosystem. Ayyan also highlights the challenges faced in the reinsurance market and the potential for growth in this sector. The discussion emphasizes the need for sustainable business practices in crypto and the importance of understanding user needs to build successful projects.---------Follow Marco's Twitter https://x.com/ManoppoMarco/Follow Lambro's Twitter https://x.com/2lambro/Follow Ayyan's Twitter https://x.com/AyyanERahman/Read our free newsletter for the next best web3 products, strategies, and trends. Join 17,000+ web3 builders and investors at: https://launchy.app/--------Chapters(00:00) Intro: Is RWA just a buzzword? (01:23) From Yearn Finance to Real World Reinsurance (05:11) How Crypto can underwrite Hurricanes for 15% Yield (08:23) Is this yield sustainable or speculative? (12:54) Liquidity Alpha (15:32) Why this yield doesn't care if Bitcoin crashes (19:19) Using Web3 to audit the "Black Box" (21:40) Why licenses matter in Crypto RWA (23:40) AIRDROP ALPHA: Points Program & Buyback leaks (27:06) Where the money actually comes from (Reinsurance 101) (32:22) Looping RWA on Kamino & Loopscale (34:30) DeFi vs. Traditional Finance (37:59) Builder Advice: Stop building "Crypto for Crypto people"------------------------------DisclaimerAll views expressed by the me is solely my opinions. I may maintain positions in the assets discussed in this podcast. This podcast is for informational purposes only and nothing in the podcast is intended to be financial, legal, or even life advice.