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Re Protocol Reaches Over 400 Million Dollars in Deposits for Onchain Reinsurance
(3 hours ago) · 1 source · Summarized by CryptoBipto
Re Protocol, a blockchain-based reinsurance platform, has reportedly surpassed $400 million in deposits. The protocol attracts capital by offering yield through onchain reinsurance products, positioning itself at the intersection of decentralized finance and traditional insurance markets.
WHY IT MATTERS
Reinsurance is like insurance for insurance companies.
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SOURCES
- newsbtc.com
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DeFiReinsuranceOnchain YieldInstitutional Capital
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