Re Protocol Tops $375M in Deposits as Tokenized Reinsurance Gains Traction
- —Deposits rose 45% from September to more than $375 million
- —Cumulative earnings distributed to users reached $12 million
- —reUSD earns SOFR plus 250 bps; reUSDe earns SOFR plus 850 bps
- —About 53% of reUSD funds are allocated to Ethena's sUSDe
Why it matters: Reinsurance offers DeFi yields uncorrelated with rates and crypto funding, but adds underwriting and liquidity risks.
Source: CoinTrust