October Performance Update: Record Deposit Growth and Yield Generation A year of milestones brought another in October: total deposits into the protocol surpassed $400 million, only 40 days after passing the $300 million mark. October also included additions on both the onchain and reinsurance sides of the business. Re saw further cross-chain expansion with reUSD market launches on Monad and added five new reinsurance deals across multiple lines of business. $799.09M - Total Value Locked +12.1% - TVL Growth $405.2M - Total Deposits $13M+ - Total Yield Accrued Capital Position & Liquidity All figures reflect the October 31, 2026, reporting snapshot unless otherwise noted. Past performance is not a reliable indicator of future results. Re’s TVL stood at $799.09 million on October 31, an increase of 12.1% over September. As of the reporting period, TVL was composed as follows: Onchain capital (28.8% of TVL): $229.94 million is held onchain to support Re-backed underwriting structures. Offchain reserves (31.3% of TVL): $250.23 million is maintained within regulated insurance entities. Contracted premium receivable (39.9% of TVL): $318.93 million is composed of premiums contractually owed but not yet received. (Reflects contracted premium receivable on policies bound as of the reporting date. Actual receipts may vary based on policy performance, cessions, and other factors.) Similarly to September, growth in protocol capital was propelled primarily by a major increase in reUSD deposits. Deposits Surpassed $400 Million October saw total deposits exceed $400 million, just 40 days after reaching $300 million. That’s nearly 80% less than the 186 days that had elapsed between the $200 million and $300 million marks. $200M → $300M: 186 days $300M → $400M: 40 days It also featured the greatest month-over-month dollar growth in total deposits since the protocol’s inception. Deposits across reUSD and reUSDe rose from $319.2 million to $405.2 million across the course of the month, an increase of $86.0 million (27%). Total Deposits: $319.2M → $405.2M reUSD: $298.6M → $374.9M reUSDe: $20.6M → $30.2M reUSD deposits were the primary driver, growing from $298.6 million to $374.9 million. reUSDe deposits rose from $20.6 million to $30.2 million, an increase driven largely by a $9 million allocation from Nexus Mutual. Total deposits measure the combined value of all reUSD and reUSDe in circulation. A Record Month for Yield Generation Total yield accrued to holders grew by $2.3 million in October, the largest single-month dollar increase in the protocol’s history. After passing $10 million in mid-September, yield grew to greater than $13 million by October 31st. reUSD and reUSDe accrue yield through daily increases in net asset value (NAV). That yield is produced primarily by licensed reinsurance activity through Cover Re SPC Ltd, Re’s reinsurance company. Portfolio Composition Cover Re added five new reinsurance deals during October, covering the following lines of business: NEMT auto - vehicles transporting patients to non-emergency medical visits Specialty auto, NEMT, and artisans - patient transport and contractors’ work vehicles Preferred trucking - commercial trucking fleets possessing strong safety track records Lead and buffer excess casualty - the first layer of extra coverage for liability that exceeds a company’s primary policy Follow excess casualty facility - additional insurance in which a reinsurer takes on a share of the risk pursuant to terms set by another reinsurer which leads the deal These additions increased total bound premium since inception to $520.6 million. The new deals further diversify Re’s portfolio across lines of business. Increased diversification limits concentration, reducing the impact that poor performance in any single category can exert across the portfolio as a whole. Re’s broader underwriting approach continues to favor shorter-duration risks and contracts that set a low ceiling on potential claims payments. This strategy aims to help guard against losses and support consistent underwriting performance. $65 Million Deployed to Cover Re On October 19, Re announced the execution of a new $65 million investment note between Resilience Foundation and Cover Re SPC Ltd. This was subsequent to the foundation’s initial $100 million investment in April, bringing the total deployed to $165 million. $100M - Initial investment, April $65M - New investment note, October 19 $165M - Total deployed to Cover Re Capital transferred offchain to Cover Re is sourced from onchain deposits into Re Protocol from users who mint reUSD and reUSDe. Cover Re converts that capital into US dollars and uses it to support new reinsurance contracts. Underwriting revenue from Cover Re flows back to Re Protocol to support yield for holders. reUSD Launched on Monad October marked reUSD’s launch on Monad. Expansion to Monad opens up reUSD to another fast-growing DeFi ecosystem and an entirely new user base. Holders can buy PT-reUSD on Pendle and use it as collateral to borrow USDC on Morpho. The Morpho vault is curated by Clearstar. $RE Token Activity Per the standard ecosystem release schedule, 7.09 million $RE unlocked from the ecosystem allocation on October 17. $RE’s maximum supply is fixed at one billion tokens, with no ongoing inflation or perpetual emissions. 7.09M - $RE unlocked from the ecosystem allocation, October 17 1B - Fixed maximum supply, no ongoing inflation What’s Next The latest reUSDe redemption claims window opened on October 15. Claims will remain available through November 14. Because total redemptions did not exceed the available surplus, all claims will be fulfilled in full. We look forward to delivering our next update in December. - Re Management Team October Blogs Claims, Costs, and Premiums: Understanding Reinsurance Treaty Performance What Does a Reinsurance Broker Do? An Interview with Howden Re Managing Director of Broking Josephine Li Resilience Foundation Deploys $65M to Cover Re Why Reinsurance Yield Is Largely Uncorrelated with Stocks, Bonds, and Crypto Visit re.xyz → Disclosures: For educational and informational purposes only. Nothing in this post is investment, financial, legal, or tax advice, or an offer, solicitation, or recommendation to buy, sell, or hold any digital asset, including reUSD and reUSDe (together, the “Tokens”). No advisory or fiduciary relationship is created by this post; readers should consult qualified legal, tax, and financial professionals before making any decision. Yields are variable, not guaranteed, and may change at any time. Past performance is not a reliable indicator of future results. Digital assets and blockchain-based products involve significant risk, including total loss of principal, market volatility, liquidity constraints, smart contract and protocol vulnerabilities, oracle and collateral risk, counterparty risk, and regulatory uncertainty. The Tokens are not bank deposits, are not FDIC insured, and are not insured by any government agency or protected by any deposit guarantee or policyholder protection scheme. The “re” brand, the re protocol, and re.xyz are operated by Resilience Foundation Cayman LLC (“Resilience Foundation”), an Exempted Limited Guarantee Foundation Company incorporated in the Cayman Islands with Limited Liability with registered number IC-414560, together with its affiliates Resilience (BVI) Ltd and Resilience Inv SPC. Resilience Foundation, Resilience BVI, and Resilience Inv do not provide insurance or reinsurance services, do not act as insurance broker or agent, and do not hold an insurance license. All regulated reinsurance activities are conducted exclusively by Cover Reinsurance SPC Ltd. (“Cover Re SPC”), a Class B(iii) licensed exempted segregated portfolio company in the Cayman Islands, operating under the “Cover Re” brand at coverre.com. Holding a Token does not make you an insured, policyholder, or beneficiary of any insurer or reinsurer. The Tokens are available only to eligible non-U.S. persons (as defined under Regulation S of the U.S. Securities Act of 1933) in permitted jurisdictions and are subject to KYC/AML and sanctions screening requirements. Use by U.S. persons or residents, or by persons in any prohibited jurisdiction, is strictly prohibited, and this post is not directed at, and is not an offer or solicitation to, any such person. The Tokens may be classified as securities in certain jurisdictions, and participation is subject to eligibility requirements, KYC/AML verification, and jurisdiction-specific restrictions. Third-party websites, data, and services referenced are provided for convenience only and are not endorsed, verified, or controlled by us. The binding terms of the applicable agreements, including the Terms of Service and, where applicable, the Claims Portal Terms and Conditions, govern and prevail over this summary, which amends nothing in them. See our full Disclosure and Terms of Service at re.xyz/disclosure for important additional information. $RE is the governance token of the re protocol, issued by Resilience Foundation. It is a governance instrument, not an investment, and confers no equity, debt, dividend, profit-sharing, or fee rights and no claim on any revenue, premiums, reserves, collateral, deposits, or treasury. Governance functionality is subject to change. Staking and bonding rewards are protocol-defined, subject to terms, and are not guaranteed yield, dividends, or a profit share; lockups, cooldowns, and slashing may apply. Availability is subject to jurisdiction-specific restrictions and to eligibility, KYC, and AML requirements. Verify the official contract address before transacting.(Historical earnings: For fiscal 2026Q1 (period ended 2026-08-31), Oracle reported basic EPS of 1.58, diluted EPS of 1.56, net income of USD 4.760 billion, and revenue of USD 19.345 billion. Consensus expectations: For the next upcoming period (2027Q1, event date 2026-09-10), consensus EPS is 1.7766 and consensus revenue is USD 19.527 billion.)