Top DeFi protocol Ethena announced a partnership with Re, a restaking protocol that focuses on tokenized real-world assets for the insurance market, in an X post today, April 14.

Per the announcement, users who hold Ethena’s native stablecoin USDe, or its restaked version sUSDe, can earn yield by locking their tokens as reserve assets through via Re, to support insurance companies integrated with the protocol.

Through Re, holders can earn higher yield on sUSDe, with boosted Ethena rewards and Re rewards backed by the $1 trillion reinsurance market, according to an X thread from the RWA protocol. Re will use sUSDe provided as collateral to underwrite health, property, business, and climate insurers that transfer their risk out to third parties, such as Re.

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