The blueprint for onchain capital is 330 years old.
@karnsaroya on @bankless with @TrustlessState:
"Much like Re, Lloyd's dictates the lines of business and capital requirements, with a governance council overseeing it, behind a large pool of capital that secures the network."
As modelled, about a once in a millennia event
We’ve purposely built Re to be insulated from these shocks, and focus on low limit, low volatility lines as we scale up
New market live in the Clearstar Re Ecosystem Vault on @Morpho: PT-reUSD maturing December 2026.
$USDC vault depositors now also earn lending against fixed-rate PTs of @re's reinsurance-backed senior stablecoin.