Re Protocol said in a November 4 announcement that deposits across its reUSD and reUSDe products had exceeded $400 million. It said the latest $100 million arrived in 40 days, about 80% faster than the previous comparable increase. The figures come from the company; deposits are not revenue or profit, and faster growth does not establish that returns can be sustained.
The products expose depositors to insurance-related risk, including claims and potential losses. Re Protocol quoted seven-day annualized yields of 6.82% for reUSD and 11.82% for reUSDe as of October 30, but those short-term rates are neither fixed payouts nor a measure of long-run performance. Withdrawal terms, liquidity, custody and how losses are allocated also affect what depositors can expect.
