Ethena Labs, the well-known artificial greenback protocol constructed on Ethereum, has entered into an unique partnership with Re, a well-liked blockchain-based reinsurer that enables customers to stake tokens throughout a number of networks concurrently. The partnership goals to reimagine the interplay between crypto belongings and real-world financial ecosystems.
The collaboration will permit $sUSDe and $USDe holders to lock them within the type of reserve capital, supporting international insurance coverage suppliers. Contributors will obtain 5x rewards for his or her locked $sUSDe tokens, creating a powerful incentive to distribute capital to reinsurance platforms.
That is the earliest time that crypto-native belongings like $USDe are related to the broader reinsurance market. In contrast to standard yield farming within the crypto sector, this enterprise provides premium-based and uncorrelated returns by supporting tangible insurance coverage ecosystems. These embrace property, local weather resilience, and well being.
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