Re

Re receives a C+ risk grade (38/100) from Hindenrank, where lower scores indicate lower risk. Re is a pioneering on-chain reinsurance protocol with strong performance metrics ($191M premiums, 92% combined ratio) and genuine real-world yield uncorrelated with crypto markets. However, catastrophic loss tail risk, centralized minting authority, and complex off-chain counterparty dependencies create meaningful risks. Novel but execution-dependent. Re is a blockchain-based reinsurance protocol that connects DeFi capital with the traditional insurance market. Depositors provide capital that backs real insurance policies (auto, property, workers' comp), earning premiums as yield. Re has processed $191M+ in written premiums with a 92% combined ratio.

The key risks identified for Re are: (1) A major natural disaster could trigger insurance claims larger than the capital pool — depositors could lose a significant portion of their investment (2) A security audit found that token minting is controlled by a single address, creating a potential point of failure (3) Your returns depend on insurance companies paying their premiums — if they default, yields could be disrupted

Re scores 38/100 across eight risk dimensions: Mechanism Novelty: 6/15, Interaction Severity: 6/20, Oracle Surface: 3/10, Documentation Gaps: 2/10, Track Record: 3/15, Scale Exposure: 5/10, Regulatory Risk: 8/10, Vitality Risk: 5/10. The highest risk area is Regulatory Risk at 8/10.

Among 73 rated RWA protocols on Hindenrank, Re ranks #42 by safety (lowest risk score = safest). Its 38/100 risk score and C+ grade place it in the middle tier of RWA protocols.

Re scores 3/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.