@muzy
Another day to preach about my favourite project
Today I will be talking about problems @reprotocol protocol is solving in the reinsurance world
Re protocol has show massive dedication towards solving major issues associated with traditional reinsurance which is;
>Opacity
In traditional reinsurance it’s almost impossible for outsiders to see where the money goes or how risks are priced. That shows traditional reinsurance lacks transparency but re has changed that by putting transparency first now you get to see where the money goes and how risks are being priced
>Inefficiency
Billions of dollars sits idle in trust accounts waiting to be deployed, earning minimal yields. Re has changed that by integrating with @silofinance which allows insurers to use their stables (reUSD & reUSDe) as collateral to borrow USDC which can be deployed elsewhere while still maintaining exposure to reinsurance yield
@chazeevee
@karn
1 reply
0 recast
2 reactions