Re Protocol

RE is used for governance of the Re Protocol. Token holders can take part in setting protocol rules, with voting planned through an on-chain governance portal. The governance scope is being rolled out in phases and is expected to cover areas such as protocol upgrades, technical permissions, committees and reporting standards.

Re separates governance from underwriting decisions. Individual underwriting decisions remain with licensed carriers and accountable underwriters, while RE governance is intended to cover the framework around market participation, standards, upgrades, shared resilience capital and disclosure.

Separately, Re Protocol’s capital products, including reUSD and reUSDe, are used by eligible participants to supply capital into Insurance Capital Layers. reUSD is a yield-accruing USD-denominated token, while reUSDe is designed as a junior, profit-sharing tranche with more exposure to reinsurance underwriting outcomes.