Re Protocol reUSD

Re Protocol reUSD is the dollar-based token of the Re protocol, which connects on-chain capital with reinsurance, the activity of taking over part of the risk underwritten by insurance companies. Users join pools that Re calls the Insurance Capital Layer by depositing stablecoins; the capital in these pools is set aside, through licensed insurers, as collateral for fully collateralized quota share reinsurance contracts. Yield comes from insurance premium earnings and on-chain yield sources.

reUSD represents the senior tranche in Re's capital structure: potential claims losses are absorbed first by Re's own capital and then by the mezzanine tranche, reUSDe; reUSD is designed as the layer that absorbs losses last. DefiLlama tracks the token among crypto-collateralized stablecoins pegged to the US dollar. The token is available on networks such as Ethereum, Arbitrum, Base, Avalanche, BNB Chain, Solana and Ink. It is a different project from Resupply USD, which uses the same REUSD symbol on Ethereum.

The dollar-based value of reUSD is a design goal; reinsurance losses, redemption conditions and smart contract risks can affect this value. The price shown on Lzzo.com is taken from DefiLlama's USD reference data and is for information.