Ethena Labs, a 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 wager tokens simultaneously across multiple networks. This partnership aims to rethink the interaction between crypto assets and real-world economic ecosystems.
This collaboration allows $SUSD and $USDE owners to lock them in the form of reserve capital, supporting global insurance providers. Contributors will receive five times more rewards for locked $SUSD tokens and create a strong incentive to distribute capital to the reinsurance platform.
This is the earliest time when encryption and native assets like $ usde are connected to the broader reinsurance market. Unlike traditional yield agriculture in the Crypto sector, the venture offers premium-based uncorrelated returns by supporting the tangible insurance ecosystem. These include property, climate resilience and health.
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