Ethena Partners with Re to Offer Up to 23% APY via Risk Reinsurance Pools

Anna Martynova

Ethena Labs, the well-known synthetic dollar protocol built on Ethereum, has entered into an exclusive partnership with Re, a popular blockchain-based reinsurer that allows consumers to stake tokens across multiple networks simultaneously. The partnership aims to reimagine the interaction between crypto assets and real-world economic ecosystems.

The collaboration will allow $sUSDe and $USDe holders to lock them in the form of reserve capital, supporting global insurance providers. Contributors will receive 5x rewards for their locked $sUSDe tokens, creating a strong incentive to distribute capital to reinsurance platforms.

This is the earliest time that crypto-native assets like $USDe are connected to the broader reinsurance market. Unlike conventional yield farming in the crypto sector, this venture offers premium-based and uncorrelated returns by supporting tangible insurance ecosystems. These include property, climate resilience, and health.

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