Hassan Maishera
On Tuesday, the Avalanche Foundation announced via X that Re, a decentralized reinsurance infrastructure platform, has expanded its presence on Avalanche with the introduction of two new institutional-grade onchain yield products — reUSD (Basis-Plus) and reUSDe (Insurance Alpha) — along with the debut of the Re Points Program.
By leveraging Avalanche’s high-performance network, Re is making it easier to access fully collateralized, compliant financial products rooted in real-world insurance markets. Avalanche explained that,
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reUSD (Basis-Plus): Generates yield from T-bills and delta-neutral ETH basis strategies. Features Curve liquidity, forthcoming direct redemptions, and is remote from insurance risk.
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reUSDe (Insurance Alpha): Backed by fully collateralized underwriting of U.S. insurance lines such as homeowners, auto, and workers’ compensation, with transparent onchain tracking and built-in liquidity options.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is up 7.7% today and currently trades at $24.7 per coin.
