Re Protocol is an onchain capital market that connects stablecoin capital to fully collateralized, regulated reinsurance. Reinsurance allows insurance companies to transfer portions of their risk to other specialized insurers, helping them absorb large losses and continue providing coverage.
Re combines programmable capital infrastructure with licensed insurance structures. Capital deployed through the protocol supports real reinsurance treaties, while reserve information, attestations and relevant capital movements are made available through onchain systems. Re's protocol products include reUSD and reUSDe, which are separate from the RE governance token.
RE is the governance, coordination and security token of Re Protocol.
Staking or bonding by eligible participants who vote, submit proposals, serve as delegates, join committees or perform other protocol roles.
Accountability mechanisms under which bonded tokens may be subject to lockups, cooldown periods and slashing for defined misconduct.
Holding RE does not provide equity, debt, ownership, revenue sharing or a claim on insurance premiums, underwriting profits, reserves, collateral or treasury assets. Insurance underwriting, claims, pricing and other regulated activities remain with licensed entities and professional operators.
How Many RE Tokens Are There?
RE has a fixed maximum supply of 1 billion tokens. The protocol does not provide for ongoing inflation or perpetual emissions. Circulating supply is determined by the tokens distributed and unlocked under the approved allocation and vesting schedules. Team and investor allocations are subject to vesting rather than becoming fully circulating at launch.
Who Founded Re Protocol?
Re was founded by Karn Saroya, who serves as its chief executive officer. Saroya previously co-founded Cover, an insurance technology company backed by Y Combinator, and has experience building technology and infrastructure for insurance markets. Re is supported by Resilience Foundation and affiliated operating partners that provide protocol, administrative and regulated reinsurance functions under separate legal structures.
What Makes Re Protocol Different?
Re is designed specifically for insurance risk rather than tokenized government debt, wrapped crypto yield or unsecured lending. It connects onchain capital to fully collateralized reinsurance programs involving licensed insurance carriers and real policyholder risk.
The protocol uses institutional custody, role-separated authorization, reserve attestations and public reporting. Re states that its ecosystem has supported more than 30 insurance partners and reinsured more than one million U.S. policyholders. Its smart-contract and operational systems have been reviewed by external firms including Hacken, Certora and The Network Firm.
How Is Re Protocol Secured?
RE is an ERC-20 token issued on Ethereum and relies on Ethereum's Proof-of-Stake consensus for transaction settlement. Re Protocol also uses smart-contract controls, multi-party authorization, upgrade timelocks, emergency procedures, institutional custody through Fireblocks and Chainlink-based reserve reporting. These controls are intended to reduce smart-contract, custody, oracle and operational risks, but they do not eliminate them.
Access to some Re products and governance functions may require KYC or KYB verification and may be restricted by jurisdiction.