Pegana tracks ONyc's peg continuously and publishes a verifiable receipt for every state change. OnRe Onchain Yield Coin (ONyc) last traded at - against an intrinsic value of -.
ONyc is a yield-bearing stable asset. It accrues value over time, so it is expected to trade above $1.00. A premium is the mechanism working, and a sustained discount is the signal that matters. Pegana computes ONyc’s intrinsic value from its peg mechanism and compares it against the best executable market quote. The spread is smoothed, classified against ONyc’s own calibrated thresholds with hysteresis, and every state change emits a public receipt that anyone can re-derive byte-for-byte with the open-source methodology crate.