FAQs

1. What is Re Protocol?

The Re Protocol is a decentralized platform that leverages reinsurance contracts to generate yield on staked capital. It allows users to deposit stablecoins—such as USDC, DAI, USDe, and sUSDe—into Insurance Capital Layers (ICL). These ICLs allocate capital to fully‑collateralized quota‑share reinsurance contracts through licensed insurers. Depending on your strategy, earn stablecoin yield generated from premiums or delta‑neutral market strategies, depending on the selected ICL.

2. What Tokens Can I Deposit?

  • Ethena tokens: USDe, sUSDe

  • Traditional stablecoins: USDC, AUSD, DAI, and others

Visit the staking section of our app for the most up-to-date accepted assets.

https://app.re.xyz/reusd

or

https://app.re.xyz/reusde

3. What are reUSDe vs. reUSD?

Feature

reUSDe (Insurance Alpha)

reUSD (Basis‑Plus )

Accepted Collateral

USDe, sUSDe

USDC, DAI, USDe/sUSDe

Strategy

Idle USDe converted to sUSDe, earning Ethena’s yield

Idle assets deployed into delta-neutral ETH basis or short-duration T-bills with a protocol spread

Yield Goal

High underwriting yields (15 %–23 % APY)

Low-volatility yields (6 %–10% APY)

Ideal For

Ethena community wanting high yield via reinsurance

Stablecoin holders seeking steady income without underwriting exposure

4. How Do I Deposit?

  1. Connect your wallet (e.g., MetaMask)

  2. Complete KYC/AML verification

  3. Select your strategy: choose reUSDe or reUSD ICL

  4. Deposit assets and receive corresponding tokens

5. When Will I Earn Yield?

  • reUSDe (Insurance Alpha): Funds are deployed into reinsurance programs, earning premium-driven yields—typically 155%–23 % APY.

  • reUSD (Basis‑Plus): Assets earn yield immediately via delta-neutral ETH strategy or T-bills plus protocol spread—approximately 6 %–9+ % APY.

7. How is Risk Managed?

All ICLs participate in fully collateralized quota-share reinsurance notes backed by licensed insurance companies. All collateral is on-chain and held in trust accounts. All funds are protected with transparent, on-chain reporting.

Once available, all offchain accounts will be reported via Chainlink and verified by a third party.

All transactions are managed through an MCP with multi party signatures required for each transaction.

8. Who Is Eligible?

  • Global access (excluding participants from the U.S. and other restricted jurisdictions)

  • KYC/AML is mandatory

  • Restricted countries include (but are not limited to): U.S., Iran, North Korea, Syria, Russia, Belarus, Cuba, and others as listed in our policy.

9. How Do Redemptions Work?

  • reUSDe: Once collateral is no longer required , redemptions are executed during quarterly windows. Redemption entitles you to principal + underwriting yield in stablecoins. Until redemption windows open, the protocol will support liquidity through liquidity pools. The initial liquidity pool has been seeded on Curve and available at the following :

  • reUSD: While reUSD will be more liquid and not technically on risk, the protocol will maintain liquidity through a curve pool similarly to reUSDe until redemption windows become possible.

10. What If My KYC Fails?

  • Funds remain securely in escrow.

  • Contact our support: [email protected]

  • We typically respond within 2–3 business days to resolve issues or initiate refunds.

11. How Is Token Price Updated?

  • At UTC 00:00 daily, the protocol recalculates the Net Asset Value (NAV) of reUSDe and reUSD, reflecting both realized and projected yields.

    • reUSDe: NAV reflects underwriting yield from reinsurance contracts.

    • reUSD: NAV factors in projected earnings from delta-neutral trades and T-bills.

  • You can view daily NAV updates and yield breakdowns at re.xyz

  • Direct Access to Current yield and price :

12. Why can't I see the tokens in my wallet ?

NextQuickStart Guide

Last updated