What is the Re project and why is it RE? (English)

RE (RE protocol) is a decentralized reinsurance protocol that bridges traditional insurance markets and decentralized finance through blockchain technology. Some low-volatility insurance products such as property insurance, auto insurance, commercial insurance, and workers' compensation insurance have transparent yield and on-chain access.

First, register and complete galxe tasks, and I will provide deposit and YT tutorials later: https://app.re.xyz/?ref=dzbt5

1. Analysis of RE's Products

Our users can deposit stablecoins to participate in reinsurance contracts or yield generation strategies. There are mainly two types of products:

1. Staking tokens to obtain premium-driven yields: APY is 15%-23%, emphasizing downside protection and loss reserves.

2. For low volatility strategies, allocate assets to ETH basis trading and short-term U.S. Treasury bonds: APY is 6%-10% to avoid direct underwriting risks.

Both products have strong competitiveness and a certain level of risk coverage compared to real-world assets (RWA).

2. Analysis of Investors

The project secured $14 million in seed funding led by Republic, Tribe, etc. in September 2022, and raised another $7 million in May 2024. The financing amount is strong, and the financing background is highly compatible with the project's background.

3. Competitive Product Analysis

Compared to the insurance mutual aid platform of Nexus Mutual (community governance characteristics), the multi-chain insurance protocol of InsureAce (insurance risk protection), and the reinsurance DeFi platform of Uno Re, what I find most promising about Re is its fully collateralized U.S. regulatory insurance program, real-world yields, and low-volatility strategy, which are almost unseen or can be encompassed among its competitors.

At the same time, RE's KYC requirements and quarterly redemption windows add to its stability, which is also a point I find promising.

I will continue to update my understanding of this project and the ways to participate in it.