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Pukerainbow
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Pukerainbow

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In September 2022, Hurricane Ian caused around $50 billion in insured losses.  It was the second-largest insured catastrophe in history, after Katrina. The companies that wrote those policies didn't pay most of it. A handful of firms you've never heard of did. That's reinsurance. It's the system that keeps the global insurance industry solvent when disasters hit. Global reinsurance capital sits at roughly $735 billion.  Five companies control 30% of it: Munich Re, Swiss Re, Berkshire Hathaway, Hannover Re, and China Re. Retail has never had a way in. You need an insurance license and a century of underwriting history to play. @Re_protocol cracks that open. You deposit stablecoins into an Insurance Capital Layer. RE routes that capital into fully collateralized reinsurance contracts written by licensed insurers. The yield you earn comes from the premiums those insurers collect. There are two products.  reUSD is the senior tranche, paying the base rate plus 250 bps with instant redemptions when buffer capacity is open.  The junior tranche, reUSDe, pays 850 bps over base in exchange for quarterly redemption windows. Custody sits at Fireblocks, with daily bank attestations from The Network Firm posted on-chain through Chainlink.  Certora and Hacken audited the smart contracts, and a live transparency dashboard at app.re.xyz/transparency tracks every dollar in real time. reUSD is a standard ERC-20. It's live across Curve, Pendle, Morpho, and seven chains. Most "real yield" in crypto comes from trading fees, MEV, or basis trades, and all of those move with the crypto market. Reinsurance yield doesn't move with crypto at all. When the market is dead and basis trades pay nothing, reinsurance keeps printing. This is the asset class DeFi was missing.
In September 2022, Hurricane Ian caused around $50 billion in insured losses.

It was the second-largest insured catastrophe in history, after Katrina.

The companies that wrote those policies didn't pay most of it.

A handful of firms you've never heard of did.

That's reinsurance. It's the system that keeps the global insurance industry solvent when disasters hit.

Global reinsurance capital sits at roughly $735 billion.

Five companies control 30% of it: Munich Re, Swiss Re, Berkshire Hathaway, Hannover Re, and China Re.

Retail has never had a way in. You need an insurance license and a century of underwriting history to play.

@ReProtocol cracks that open.

You deposit stablecoins into an Insurance Capital Layer. RE routes that capital into fully collateralized reinsurance contracts written by licensed insurers. The yield you earn comes from the premiums those insurers collect.

There are two products.

reUSD is the senior tranche, paying the base rate plus 250 bps with instant redemptions when buffer capacity is open.

The junior tranche, reUSDe, pays 850 bps over base in exchange for quarterly redemption windows.

Custody sits at Fireblocks, with daily bank attestations from The Network Firm posted on-chain through Chainlink.

Certora and Hacken audited the smart contracts, and a live transparency dashboard at app.re.xyz/transparency tracks every dollar in real time.

reUSD is a standard ERC-20. It's live across Curve, Pendle, Morpho, and seven chains.

Most "real yield" in crypto comes from trading fees, MEV, or basis trades, and all of those move with the crypto market.

Reinsurance yield doesn't move with crypto at all. When the market is dead and basis trades pay nothing, reinsurance keeps printing.

This is the asset class DeFi was missing.
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Pukecast is coming to Binance Square, massive cook incoming
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