Re

PT-reUSD looping is live on @Monad. Bridge reUSD from Ethereum to Monad, buy PT-reUSD on @Pendle_Fi, then borrow USDC against it on Morpho. Holding YT-reUSD instead? YT holders receive 30x Re Points + 0.54% APR in MON, on top of reUSD’s ~7% yield.

We put our own capital first. Here’s how. Two layers sit under every reUSD and reUSDe deposit: → Reinsurance premiums, priced to cover expected claims and costs → ~$77M of Re’s own capital, built from underwriting profit, which absorbs a bad year before reUSDe or reUSD The book is diversified across lines of business and regions, which limits how far any one event moves the result.

“The structure we used to enter the market is deliberately conventional. What Re adds is a different capital layer underneath those structures, and that is where it fits.” @karnsaroya, CEO of Re, on how onchain capital can power Bermuda’s insurance market:

Onchain insurance and reinsurance sound similar, but they serve different purposes. → An insurance protocol sells coverage directly to DeFi users. → A reinsurance protocol sits further down the chain, supplying collateral that backs insurance companies. Side-by-side comparison:

Consistent yield by design. The strategy behind reUSD and reUSDe prioritizes steadier, lower-volatility returns. The book behind them is spread across six distinct lines. Unexpectedly high losses in any one are unlikely to carry over into the others. This approach has been profitable every year to date. @castle_labs breaks down the data ↓

We’re delighted to welcome Jack Nelson as Chief Investment Officer. He ran Everest Re Group’s investment portfolio for over a decade, after managing insurer assets at Wellington Management. Jack will lead the investment strategy as we continue to scale.