Re is an onchain reinsurance protocol that channels stablecoin capital into fully-collateralized, regulated reinsurance treaties, issuing two tranched yield-bearing tokens — reUSD (senior) and reUSDe (junior).
Deposits deploy off-chain via Surplus Notes into a U.S. §114 trust, mirrored on-chain by Chainlink Proof-of-Reserve.
Deposit USDC / USDe / sUSDe into the Insurance Capital Layer and choose how the pool splits between the two tranches. The junior tranche takes first loss in exchange for a higher spread.
Weighted SOFR + 7-day sUSDe basis rate. Both tranche APYs move with it.
reUSDe earns +850 bps and reUSD only +250 bps over the same base — the junior tranche is paid more precisely because it absorbs losses first.
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The $800B+ global reinsurance market is locked behind institutional gatekeepers, opaque accounting, and illiquid multi-year commitments — and most onchain 'RWA yield' is either over-collateralised T-bills or crypto-correlated basis trades.
Re tokenizes fully-collateralized, regulated reinsurance treaties into reUSD/reUSDe, so depositors earn insurance-premium yield (uncorrelated to crypto markets) with daily Chainlink proof-of-reserve and a senior/junior tranche structure that lets users choose their risk level.
First protocol to bring regulated, fully-collateralized reinsurance treaties onchain at scale, with §114 trust custody, Chainlink proof-of-reserve attestation, and a senior/junior loss-waterfall — no directly comparable onchain reinsurance competitor.
Re is a RWA protocol operating on Ethereum, Avalanche, Arbitrum, Base. Re is an onchain reinsurance protocol that channels stablecoin capital into fully-collateralized, regulated reinsurance treaties, issuing two tranched yield-bearing tokens — reUSD (senior) and reUSDe (junior).
DeFi Sentinel rates Re BBB with a safety score of 65/100, indicating moderate risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Re has 2 audits on record. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
Re has a DeFi Sentinel safety score of 65/100 (rating BBB), last updated June 2, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Re is deployed on Ethereum, Avalanche, Arbitrum, Base.
Yes. Re has 2 audit reports on record from firms including Certora, Hacken. Audit reports and dates are linked under the Resources tab on this page.
