Re

Re receives a B- risk grade (35/100) from Hindenrank, where lower scores indicate lower risk. Re has demonstrated strong institutional traction: $358M+ in 2025 gross written premiums via 7 of the top-10 global reinsurance brokers, CIMA Class B(iii) licensing, and organic DeFi integrations (Morpho, Pendle, Curve). The CCIP bridge migration and favorable Clarity Act positioning reduce previously flagged risks. However, the confirmed governance-only RE token structure means protocol economics benefit reUSD/reUSDe holders, not RE token holders — a significant value accrual disconnect. Re is a blockchain-based reinsurance protocol that connects DeFi capital with the traditional insurance market. Depositors provide capital backing real insurance policies (auto, property, workers' comp) through 7 of the top-10 global reinsurance brokers, earning premiums as yield. Re has processed $358M+ 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) The RE governance token provides voting rights only and has no claim on protocol revenue, meaning token holders do not directly benefit from the protocol's insurance economics (3) Your returns depend on insurance companies paying their premiums — if they default, yields could be disrupted

Re scores 35/100 across eight risk dimensions: Mechanism Novelty: 6/15, Interaction Severity: 5/20, Oracle Surface: 3/10, Documentation Gaps: 2/10, Track Record: 3/15, Scale Exposure: 5/10, Regulatory Risk: 7/10, Vitality Risk: 4/10. The highest risk area is Regulatory Risk at 7/10.

Among 77 rated RWA protocols on Hindenrank, Re ranks #36 by safety (lowest risk score = safest). Its 35/100 risk score and B- 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.