REUSD Re Protocol reUSD Rank #186

Re Protocol is a decentralized platform that tokenizes exposure to reinsurance contracts, opening the insurance and reinsurance market to on-chain participants. The protocol issues two deposit tokens, each with a distinct risk-return profile. The first, reUSD, is a principal-protected product offering a fixed yield calculated as a base risk-free rate plus a spread of 250 basis points. The second, reUSDe, is a risk-bearing option that delivers a variable yield, historically reaching up to roughly 23% APR depending on underwriting performance. Re Protocol is built across multiple blockchain networks, including Ethereum, Avalanche, Arbitrum, and Base, with a presence in the BNB Chain and Ink ecosystems as well. Underwriting pools operate in a decentralized manner, producing transparent returns tied to real insurance outcomes rather than purely crypto-native yield sources. Governance and treasury management are handled by the Re Foundation, based in the Cayman Islands, which oversees regulatory compliance and capital efficiency. The protocol also integrates with established DeFi platforms such as Curve, Pendle, and Ethena, positioning itself as a bridge between traditional reinsurance markets and decentralized finance.