At 3 a.m., while the crypto market was still in the doldrums, a corner of the on-chain world quietly swelled to $800 million.
Re Protocol’s October monthly report: TVL reached $799 million, up 12.1% for the month. Total deposits just crossed $400 million—it took only 40 days to go from $300 million to $400 million, compared with 186 days for the previous $100 million jump (from $200 million to $300 million). That’s more than four times faster. Cumulative yield generated for holders topped $13 million, with $2.3 million added in October alone—a new record.
It operates in a pretty unconventional space: on-chain reinsurance. Deposit U and mint reUSD/reUSDe, then have real-world policies underwritten through licensed reinsurer Cover Re, turning premiums into on-chain yield. In October, it signed five new reinsurance contracts (covering everything from non-emergency patient transport to commercial truck fleet insurance) and put another $65 million into investment notes, bringing the total deployed to $165 million. reUSD also launched on Monad. Pendle users buy PT, then head to Morpho to borrow USDC—the Lego pieces are coming together.
My take: with exchanges getting hacked, ETFs seeing outflows, and everyone calling for self-custody, RWAs with yields uncorrelated to stocks, bonds, and crypto look all the more compelling—premiums don’t care what your chart looks like. One reminder, though: $RE just unlocked 7.09 million tokens half a month ago, and that added supply is also something holders have to factor in.
NFA DYOR
$RE $BTC
#RWA #DeFi #再保险 #稳定币 #Crypto
Re Protocol’s October monthly report: TVL reached $799 million, up 12.1% for the month. Total deposits just crossed $400 million—it took only 40 days to go from $300 million to $400 million, compared with 186 days for the previous $100 million jump (from $200 million to $300 million). That’s more than four times faster. Cumulative yield generated for holders topped $13 million, with $2.3 million added in October alone—a new record.
It operates in a pretty unconventional space: on-chain reinsurance. Deposit U and mint reUSD/reUSDe, then have real-world policies underwritten through licensed reinsurer Cover Re, turning premiums into on-chain yield. In October, it signed five new reinsurance contracts (covering everything from non-emergency patient transport to commercial truck fleet insurance) and put another $65 million into investment notes, bringing the total deployed to $165 million. reUSD also launched on Monad. Pendle users buy PT, then head to Morpho to borrow USDC—the Lego pieces are coming together.
My take: with exchanges getting hacked, ETFs seeing outflows, and everyone calling for self-custody, RWAs with yields uncorrelated to stocks, bonds, and crypto look all the more compelling—premiums don’t care what your chart looks like. One reminder, though: $RE just unlocked 7.09 million tokens half a month ago, and that added supply is also something holders have to factor in.
NFA DYOR
$RE $BTC
#RWA #DeFi #再保险 #稳定币 #Crypto