Re Protocol reports that combined deposits across its reUSD and reUSDe products have surpassed $400 million, including $100 million added in 40 days. According to the November 4 announcement, this expansion occurred about 80% faster than the previous comparable step. The protocol says users have accrued more than $13 million in yield, while its seven-day annualized rates stood at 6.82% for reUSD and 11.82% for reUSDe as of October 30. These returns nevertheless depend on underwriting, the frequency and severity of claims, reserves, contract structures and how losses are allocated. Deposit growth does not measure revenue, profit or insurance premiums, while the onchain structure also introduces smart contract, liquidity and custody risks.
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