Protocol
  • Getting started with Re
    • FAQs
    • QuickStart Guide
    • Introduction to the Re Protocol
  • What is reUSD?
  • Connect with Us
  • Ethena (ICL)
    • reUSDe FAQ
    • What is reUSDe ?
  • Reinsurance
    • What is Reinsurance?
    • How Collateralized Reinsurance Earns Returns
  • Investor Protections and Risk Management
  • Protocol
    • How the Re Protocol Works
    • Insurance Capital Layer ( ICL )
    • Cells, Cell Managers, and Risk Pools
    • Redemption Process and Liquidity
    • Smart Contract Addresses
    • Fee Splits for Cell Managers and Risk Pools
    • Governance Model
  • Integration with the DeFi Ecosystem
  • Use Cases for the Re Protocol
  • Security and Audits
  • Disclaimers
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  1. Getting started with Re

QuickStart Guide

PreviousFAQsNextIntroduction to the Re Protocol

Last updated 15 days ago

The Re Protocol is designed with user accessibility in mind, ensuring a straightforward process for participants to engage with the platform and benefit from its unique opportunities in the reinsurance market. Follow this step-by-step guide to get started.

1. Visit the Platform

  • Go to: This is your gateway to engaging with the Re Protocol.

2. Connect Your Wallet

  • Choose a Compatible Wallet: Connect a wallet like MetaMask that supports the necessary networks.

  • Ensure You’re Funded: Make sure your wallet contains one of the approved tokens (e.g., USDC, DAI, USDe, or sUSDe) for staking.

3. Stake Your Tokens

  • Select Your Token: Decide which approved token you want to stake.

  • Enter the Amount: Input the desired amount; the platform will calculate the equivalent protocol tokens you will eventually receive (reUSD for traditional stablecoins, reUSDe for Ethena’s synthetic dollars).

4. Accept Terms & Fee Schedule

  • Review the Fee Schedule: After staking, you will be presented with the fee schedule outlining any costs associated with the token purchase.

  • Agree to the Token Purchase Agreement: If you accept the fee schedule, you must then agree to the token purchase agreement. This agreement confirms your understanding of the process, including fees, token minting, and escrow conditions.

5. Tokens Enter Escrow

  • Escrow Placement: Once you’ve agreed to the purchase terms, your staked tokens are tokenized and securely placed into an escrow contract.

  • Pending KYC: At this stage, your tokens await completion of the KYC process.

6. Complete the KYC Process

  • Submit KYC Documentation: You will be prompted to complete a KYC process. Follow the on-screen instructions to submit the required information.

  • KYC Outcomes:

    • Pass: Upon successful verification, your protocol tokens (reUSD or reUSDe) will be minted and sent to your wallet.

    • Fail: If your KYC fails, you can request a refund to have your tokens returned from escrow.

    • Additional Information: If further details are needed, you will be prompted to provide additional documentation to proceed.

7. Get Started with Your Protocol Tokens

  • Holding Your Tokens: Retain your minted tokens to benefit from yield generation and potential appreciation through the Insurance Capital Layer (ICL) and Risk Pools.

  • Explore DeFi Opportunities: Use your tokens in decentralized finance applications for lending, borrowing, or additional staking to maximize returns.

By following these simple steps, you can seamlessly join the Re Protocol and gain exposure to the stable, uncorrelated returns of the reinsurance market. The QuickStart Guide ensures that participants can onboard efficiently while benefiting from the protocol’s innovative features and robust security measures.

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