Re Protocol

August was another month of major growth for Re. Re passed a quarter-billion in total deposits. Deposits grew by nearly 36%, the protocol's largest month-over-month increase since March and the second largest on record. August also brought continued cross-chain expansion. reUSD went live on Solana via Chainlink CCIP, and added new lending and collateral integrations across Jupiter Lend, Kamino, and Feather.
$648.5M Total Value Locked+11.7% TVL Growth$256.4M Total Deposits+35.8% Deposit Growth
Capital Position
Capital position & liquidity.
All figures reflect the August 31, 2026, reporting snapshot unless otherwise noted. Past performance is not a reliable indicator of future results.
Re's Total Value Locked (TVL) stood at $648.5M on August 31, an increase of 11.7% over July.
As of the reporting period, capital was distributed as follows:
Onchain Capital: $150.1M (23.1% of total assets)Offchain Reserves: $179.5M (27.7% of total)Contracted Premium Receivable: $318.9M (49.2% of total)
Reporting note. Reflects contracted premium receivable on policies bound as of the reporting date. Actual receipts may vary based on policy performance, cessions, and other factors.
Onchain capital supports Re-backed underwriting structures. Offchain capital is maintained as reserves within regulated insurance entities. Contracted written premium receivable reflects premiums contractually owed but not yet received.
TVL growth in August was powered primarily by a marked increase in reUSD deposits, which grew from $170.1M to $236.4M. reUSDe deposits grew from $18.8M to $20.0M.
Underwriting Portfolio
Portfolio composition.
Re's underwriting portfolio remained steady at $510.5 million in August.
Re's portfolio remains spread across diverse lines of business, helping reduce the impact that losses in any one area can have on the overall book. Underwriting strategy continues to focus on shorter-term risks and on contracts whose losses must reach meaningful levels before Re is responsible for paying claims. Together, those choices are intended to help guard against losses and support consistent underwriting performance over time.
Ecosystem
reUSD launched on Solana.
August marked reUSD's launch on Solana. Solana has become a significant network for real-world asset tokenization, with deep liquidity and a fast-growing DeFi ecosystem. The launch gives Re access to another major onchain economy and opens reUSD to Solana's lending, trading, and liquidity protocols.
Read the full announcement here [1].
Integrations
Ecosystem expansion.
Several integrations expanded how reUSD can be deployed across DeFi:
Jupiter Lend. reUSD went live as collateral on Jupiter Lend [2], allowing holders to borrow jupUSD against their reUSD positions in Jupiter's $2 billion lending market without the need to sell or redeem. reUSD Smart Vaults on Jupiter Lend v2 reached $6 million in total supply in under three hours after launch.Kamino. reUSD also went live as collateral in Kamino's [3] $2.2 billion-plus credit market on Solana, where deposits earn 5x Re Points. The initial $1 million supply cap filled in 76 minutes, and the cap was raised in stages to $20 million. Eight days after launch, the reUSD market on Kamino had surpassed $20 million.Feather. reUSD expanded to Sei as collateral in Feather's [4] PYUSD0 and PYUSD0 Y10k Capital vaults, powered by Morpho and curated by Feather and RockawayX.
Token Activity
$RE token activity.
Per the standard ecosystem release schedule, 7.09 million $RE unlocked from the ecosystem allocation on August 17.
$RE has a fixed maximum supply of one billion tokens, with no ongoing inflation or perpetual emissions.
7.09M tokens released (ecosystem allocation, August 17)1B fixed maximum supply (no ongoing inflation)
Looking Ahead
What's next.
Beginning in September, USDC will become the sole redemption asset for reUSD. Previously, reUSD redemptions settled in sUSDe. This change was made with user convenience in mind, as reUSD will redeem into the most widely integrated onchain dollar.
We look forward to delivering our next update in September.
— Re Management Team
Originally published on re.xyz: https://re.xyz/insights/august-2026-performance-update
Re Protocol. Internet-native reinsurance capital: diversified, transparent, and open to global participants at re.xyz (https://re.xyz).
Visit re.xyz: https://re.xyz
#reinsurance #RWA #TradFi
Sources
re.xyz/insights/reusd-live-on-solanajup.ag/lend/borrow/smart/97/depositkamino.com/borrowapp.feather.zone/sei/borrow
Disclosures
This blog post is for informational and educational purposes only and does not constitute investment, legal, tax, or financial advice. Nothing in this article should be construed as an offer or solicitation to buy or sell any security, token, or financial product.
Affiliate disclosure. The "re" brand, the re protocol, and re.xyz are operated by Resilience Foundation Cayman LLC ("Resilience Foundation"), an Exempted Limited Guarantee Foundation Company incorporated in the Cayman Islands with Limited Liability with registered number IC-414560, together with its affiliate Resilience (BVI) Ltd and Resilience Inv SPC. Resilience Foundation, Resilience BVI, and Resilience Inv do not provide insurance or reinsurance services, do not act as insurance broker or agent, and do not hold an insurance license. All regulated reinsurance activities are conducted exclusively by Cover Reinsurance SPC Ltd. ("Cover Re SPC"), a Class B(iii) licensed exempted segregated portfolio company in the Cayman Islands, operating under the "Cover Re" brand at coverre.com (https://coverre.com).
Access and eligibility. reUSDe is available exclusively to non-U.S. persons, as defined under Regulation S of the U.S. Securities Act of 1933, in specific permitted jurisdictions. Use by U.S. persons or residents is strictly prohibited. reUSDe may be classified as a security in certain jurisdictions, and participation is subject to eligibility requirements, KYC/AML verification, and jurisdiction-specific restrictions. reUSDe is not a bank deposit, is not FDIC insured, and is not government backed.
Yield. reUSD/reUSDe yield is variable, is not guaranteed, and may change at any time. Any references to yield, APR, APY, returns, or performance are informational only, and past performance is not a reliable indicator of future results. The value and stability of reUSD/reUSDe are subject to market volatility, smart contract vulnerabilities, regulatory uncertainty, and the performance of underlying collateral and protocol activity.
Risk disclosure. Digital assets and blockchain-based products involve significant risk, including the potential loss of principal, smart contract vulnerabilities, liquidity constraints, and regulatory uncertainty. Any references to APR, returns, or performance are not guaranteed, and past performance is not a reliable indicator of future results.
Regulatory environment. The regulatory environment for digital assets, stablecoins, tokenized real-world assets, and onchain financial products is dynamic and continues to evolve across jurisdictions. The information in this post reflects the understanding as of the date of publication and may not reflect subsequent legal or regulatory developments. Readers should consult qualified legal, tax, and financial professionals before making any decisions.
Terms apply. For full terms, disclosures, and risk disclaimers, please see the Re website at https://re.xyz, Terms of Service (https://re.xyz/terms), and Disclaimers (https://docs.re.xyz/disclaimers).

As of October 29, 2026, combined deposits across reUSD and reUSDe have surpassed $400 million [1].
Accelerating Growth
This milestone has meaning in both the number itself and in the rate at which it was reached.
Total deposits took 40 days to climb from $300M to $400M, versus 186 days to grow from $200M to $300M. That’s a difference in duration of nearly 80% (or roughly five months less).
More than $13M of Yield for Holders
Re has generated more than $13 million of yield for holders of reUSD and reUSDe, an increase of more than 32% since September 19.
Both tokens accrue yield through daily increases in net asset value (NAV) [2].
Building at Scale
With more than $400M of total deposits in the system, Re is the largest onchain reinsurer by deposits. Re democratizes access to reinsurance, one of the financial world's most desirable yet heretofore inaccessible markets. The results are a strong sign that the model is working.
As of October 1, 2026, Re has written more than half a billion dollars in bound premium since inception. With an additional $65M deployed in October 2026 to Cover Re SPC Ltd. (https://coverre.com), Re's reinsurance company, Re is poised to build further in 2027.
Stay tuned at year's end for a full accounting of Re's 2026 achievements.
Explore Re: https://re.xyz
#reinsurance #RWA #TradFi
Originally published on re.xyz: https://re.xyz/insights/400m-in-deposits
Sources
https://app.re.xyz/metricshttps://re.xyz/insights/re-protocol-token-suite-explained
Disclosures: For educational and informational purposes only. Nothing in this post is investment, financial, legal, or tax advice, or an offer, solicitation, or recommendation to buy, sell, or hold any digital asset, including reUSD and reUSDe (together, the “Tokens”). No advisory or fiduciary relationship is created by this post; readers should consult qualified legal, tax, and financial professionals before making any decision. Yields are variable, not guaranteed, and may change at any time. Past performance is not a reliable indicator of future results. Digital assets and blockchain-based products involve significant risk, including total loss of principal, market volatility, liquidity constraints, smart contract and protocol vulnerabilities, oracle and collateral risk, counterparty risk, and regulatory uncertainty. The Tokens are not bank deposits, are not FDIC insured, and are not insured by any government agency or protected by any deposit guarantee or policyholder protection scheme. The “re” brand, the re protocol, and re.xyz are operated by Resilience Foundation Cayman LLC (“Resilience Foundation”), an Exempted Limited Guarantee Foundation Company incorporated in the Cayman Islands with Limited Liability with registered number IC-414560, together with its affiliates Resilience (BVI) Ltd and Resilience Inv SPC. Resilience Foundation, Resilience BVI, and Resilience Inv do not provide insurance or reinsurance services, do not act as insurance broker or agent, and do not hold an insurance license. All regulated reinsurance activities are conducted exclusively by Cover Reinsurance SPC Ltd. (“Cover Re SPC”), a Class B(iii) licensed exempted segregated portfolio company in the Cayman Islands, operating under the “Cover Re” brand at https://coverre.com. Holding a Token does not make you an insured, policyholder, or beneficiary of any insurer or reinsurer.The Tokens are available only to eligible non-U.S. persons (as defined under Regulation S of the U.S. Securities Act of 1933) in permitted jurisdictions and are subject to KYC/AML and sanctions screening requirements. Use by U.S. persons or residents, or by persons in any prohibited jurisdiction, is strictly prohibited, and this post is not directed at, and is not an offer or solicitation to, any such person. The Tokens may be classified as securities in certain jurisdictions, and participation is subject to eligibility requirements, KYC/AML verification, and jurisdiction-specific restrictions. Third-party websites, data, and services referenced are provided for convenience only and are not endorsed, verified, or controlled by us.The binding terms of the applicable agreements, including the Terms of Service and, where applicable, the Claims Portal Terms and Conditions, govern and prevail over this summary, which amends nothing in them. See our full Disclosure and Terms of Service at https://re.xyz/disclosure for important additional information.

reUSD is live on Monad, bridgeable from Ethereum mainnet via Chainlink CCIP. Markets are live on Morpho. Users can bridge Pendle PT-reUSD to Monad and use it as collateral to borrow other assets. The vault is curated by Clearstar. YT-reUSD holders on Pendle currently earn 30x Re points and an additional 0.54% APR in MON on top of reUSD’s ~7% yield, rising toward 0.75% as the pool grows toward 10M reUSD.
About Monad
Monad is a Layer-1 blockchain designed for fast, low-cost transactions. Monad’s architecture allows for large numbers of transactions to be processed simultaneously, providing the network with significantly greater capacity than traditional EVM chains. That capacity is coupled with a fee system intended to minimize transaction fees unless demand approaches network limits, helping keep costs low for users.
Why it Matters
For Re, presence on Monad opens up reUSD to a fast-growing DeFi ecosystem and an entirely new user base. Since Monad’s mainnet launch in November 2025, DeFi TVL on the chain has eclipsed $1 billion [1]; this positions it in the top ten of all blockchains [2]. Q3 2026 alone has seen TVL grow by nearly $650M [1], spurred in part by the launch on Monad of such DeFi mainstays as Aave, Euler, and Pendle.
For Monad, reUSD introduces a new category of DeFi asset: reinsurance exposure. Because its yield is generated from real-world reinsurance activity rather than crypto-native market activity, reUSD’s performance is largely uncorrelated with that of the crypto markets at large.
How to Participate
Connect your wallet in the Re App: https://app.re.xyzOn the reUSD page (https://app.re.xyz/reusd), select Bridge, choose Monad as the destination, and confirm the transaction.On Monad, buy PT-reUSD on Pendle [3].Supply PT-reUSD as collateral on Morpho [4] and borrow USDC.
To earn the MON and Re Points incentives instead, buy YT-reUSD on Pendle [5].
Open App: https://app.re.xyz
#reinsurance #RWA #TradFi
Originally published on re.xyz: re.xyz/insights/reusd-live-on-monad
Sources
https://defillama.com/chains (figures retrieved 8 September 2026)https://defillama.com/chain/monad (figures retrieved 8 September 2026)https://app.pendle.finance/trade/markets/0xea492a66e98a46426f03f5c3505ee89d96520813/swap?view=pt&chain=monadhttps://app.morpho.org/monad/variable/0xba2e101bfd40a1485745543c07fff784c488fc31bdb01dc40ba967bd296f9737/usdc-pt-reusd-10dec2026https://app.pendle.finance/trade/markets/0xea492a66e98a46426f03f5c3505ee89d96520813/swap?view=yt&chain=monad
Disclosures: For educational and informational purposes only. Nothing in this post is investment, financial, legal, or tax advice, or an offer, solicitation, or recommendation to buy, sell, or hold any digital asset, including reUSD and reUSDe (together, the “Tokens”). No advisory or fiduciary relationship is created by this post; readers should consult qualified legal, tax, and financial professionals before making any decision. Yields are variable, not guaranteed, and may change at any time. Past performance is not a reliable indicator of future results. Digital assets and blockchain-based products involve significant risk, including total loss of principal, market volatility, liquidity constraints, smart contract and protocol vulnerabilities, oracle and collateral risk, counterparty risk, and regulatory uncertainty. The Tokens are not bank deposits, are not FDIC insured, and are not insured by any government agency or protected by any deposit guarantee or policyholder protection scheme. The “re” brand, the re protocol, and re.xyz are operated by Resilience Foundation Cayman LLC (“Resilience Foundation”), an Exempted Limited Guarantee Foundation Company incorporated in the Cayman Islands with Limited Liability with registered number IC-414560, together with its affiliates Resilience (BVI) Ltd and Resilience Inv SPC. Resilience Foundation, Resilience BVI, and Resilience Inv do not provide insurance or reinsurance services, do not act as insurance broker or agent, and do not hold an insurance license. All regulated reinsurance activities are conducted exclusively by Cover Reinsurance SPC Ltd. (“Cover Re SPC”), a Class B(iii) licensed exempted segregated portfolio company in the Cayman Islands, operating under the “Cover Re” brand at https://coverre.com. Holding a Token does not make you an insured, policyholder, or beneficiary of any insurer or reinsurer.The Tokens are available only to eligible non-U.S. persons (as defined under Regulation S of the U.S. Securities Act of 1933) in permitted jurisdictions and are subject to KYC/AML and sanctions screening requirements. Use by U.S. persons or residents, or by persons in any prohibited jurisdiction, is strictly prohibited, and this post is not directed at, and is not an offer or solicitation to, any such person. The Tokens may be classified as securities in certain jurisdictions, and participation is subject to eligibility requirements, KYC/AML verification, and jurisdiction-specific restrictions. Third-party websites, data, and services referenced are provided for convenience only and are not endorsed, verified, or controlled by us.The binding terms of the applicable agreements, including the Terms of Service and, where applicable, the Claims Portal Terms and Conditions, govern and prevail over this summary, which amends nothing in them. See our full Disclosure and Terms of Service at https://re.xyz/disclosure for important additional information.

Re has undertaken its second major deployment of onchain capital into the reinsurance market.
The Resilience Foundation, operator of Re Protocol, executed a new $65 million investment note with Cover Re SPC Ltd. (https://coverre.com). Cover Re is a licensed, Cayman Islands-based reinsurer.
The transaction follows an initial $100 million investment in April, bringing the total deployed to Cover Re through the two notes to $165 million.
From onchain capital to offchain reinsurance
The capital deployed in the note was sourced from onchain deposits. When users mint reUSD or reUSDe, they contribute to the capital pool. The value of the capital pool also increases as each token’s net asset value (NAV) increases.
Re periodically deploys a portion of that capital offchain to Cover Re, which converts it from stablecoins to US dollars. Cover Re uses the capital to support new reinsurance contracts.
All of Cover Re's reinsurance contracts are fully collateralized; this means that it posts assets to fully back its contractual obligations, providing financial security to the ceding insurers. The collateral is held in segregated trust accounts.
Payments on the investment notes, sourced from Cover Re's reinsurance activities, flow back onchain and support yield for holders.
What this means for Cover Re
For Cover Re, the infusion of capital increases underwriting capacity: it allows the reinsurer to add new business and expand its portfolio.
In September, the company added three new reinsurance treaties covering specialty auto, professional lines for startups, and large excess casualty. Those treaties brought Cover Re's total bound premium since inception to more than $515 million; this figure represents the cumulative premiums associated with Cover Re's reinsurance contracts.
What it means for holders
For holders of reUSD and reUSDe, offchain deployment of capital is a key part of the cycle that supports yield. Yield, in turn, incrementally increases token NAV.
reUSD and reUSDe each earn a protocol-determined spread (2.5% for the former and 8.5% for the latter, as of October 2026). Offchain reUSD and reUSDe also earn a base rate tied to SOFR, a benchmark for overnight borrowing backed by US Treasuries. Cover Re's reinsurance operations fund both components of that yield.
What to look for
Visitors to the Re App (https://app.re.xyz) will notice a substantial decrease in onchain capital and an increase in offchain capital. This reflects capital transferred offchain to fund the note.
reUSDe is intended to be deployed offchain almost in its entirety for use as collateral (a small portion remains onchain to fund future redemption windows). At the time of any offchain deployment, at least 50% of reUSD’s all-time peak deposit level remains onchain to fund instant redemptions; the rest may be deployed offchain as collateral.
Explore Re: https://re.xyz
Originally published on re.xyz: https://re.xyz/insights/65m-to-cover-re
#reinsurance #RWA #TradFi
Disclosures: For educational and informational purposes only. Nothing in this post is investment, financial, legal, or tax advice, or an offer, solicitation, or recommendation to buy, sell, or hold any digital asset, including reUSD and reUSDe (together, the “Tokens”). No advisory or fiduciary relationship is created by this post; readers should consult qualified legal, tax, and financial professionals before making any decision. Yields are variable, not guaranteed, and may change at any time. Past performance is not a reliable indicator of future results. Digital assets and blockchain-based products involve significant risk, including total loss of principal, market volatility, liquidity constraints, smart contract and protocol vulnerabilities, oracle and collateral risk, counterparty risk, and regulatory uncertainty. The Tokens are not bank deposits, are not FDIC insured, and are not insured by any government agency or protected by any deposit guarantee or policyholder protection scheme. The “re” brand, the re protocol, and re.xyz are operated by Resilience Foundation Cayman LLC (“Resilience Foundation”), an Exempted Limited Guarantee Foundation Company incorporated in the Cayman Islands with Limited Liability with registered number IC-414560, together with its affiliates Resilience (BVI) Ltd and Resilience Inv SPC. Resilience Foundation, Resilience BVI, and Resilience Inv do not provide insurance or reinsurance services, do not act as insurance broker or agent, and do not hold an insurance license. All regulated reinsurance activities are conducted exclusively by Cover Reinsurance SPC Ltd. (“Cover Re SPC”), a Class B(iii) licensed exempted segregated portfolio company in the Cayman Islands, operating under the “Cover Re” brand at https://coverre.com. Holding a Token does not make you an insured, policyholder, or beneficiary of any insurer or reinsurer.The Tokens are available only to eligible non-U.S. persons (as defined under Regulation S of the U.S. Securities Act of 1933) in permitted jurisdictions and are subject to KYC/AML and sanctions screening requirements. Use by U.S. persons or residents, or by persons in any prohibited jurisdiction, is strictly prohibited, and this post is not directed at, and is not an offer or solicitation to, any such person. The Tokens may be classified as securities in certain jurisdictions, and participation is subject to eligibility requirements, KYC/AML verification, and jurisdiction-specific restrictions. Third-party websites, data, and services referenced are provided for convenience only and are not endorsed, verified, or controlled by us.The binding terms of the applicable agreements, including the Terms of Service and, where applicable, the Claims Portal Terms and Conditions, govern and prevail over this summary, which amends nothing in them. See our full Disclosure and Terms of Service at https://re.xyz/disclosure for important additional information.