Re Protocol Tops $400M in Deposits as Onchain Reinsurance Yield Attracts Capital
Summary
Re Protocol says deposits in its reUSD and reUSDe products have surpassed $400 million, with the latest $100 million added in 40 days. The project also reports more than $13 million in accrued user yield and seven-day annualized rates of 6.82% and 11.82%, respectively. These figures are project-reported and do not establish durable returns. The products expose depositors to insurance and reinsurance risks, including claims, liquidity, custody and smart-contract risks, rather than ordinary crypto lending alone. Evaluating their sustainability requires clearer disclosures on yield sources, loss allocation, reserves, audits and redemption performance.
