Reinsurance yield is about to get a lot more interesting.
Today, we’re announcing ’s integration with Spectra, a permissionless DeFi protocol that unlocks a new layer of liquidity and strategy around reUSD-based derivatives, turning a points-backed return mechanism into an active market.
This converts Re Points from a passive rewards program into an active, programmable primitive — enabling traders to take positions, liquidity providers to earn fees, and builders to compose new strategies around future Re ecosystem incentives
Through Spectra, reUSD holders can access two primary products — Principal Tokens (PT) and Yield Tokens (YT). PTs are designed for those seeking fixed-rate exposure, redeemable for reUSD at maturity, white YT’s are for users who wish to speculate on the potential value of Re Points.
Since the Base APY for reUSD is currently 0% onchain, there is no ongoing yield stream for YT holders to capture. Instead, YT exposure represents a directional bet on the future conversion or valuation of Re Points.
To incentivize market depth, LPs are rewarded with x30 Re Points when they provide liquidity to the pool and earn pool fees.
Why This Matters: Yield as a Market
This integration expands the reinsurance capital market by introducing fixed-rate and speculative Re Points markets. Traders can now take directional views on the Re ecosystem’s future growth while liquidity providers earn fees by supporting trading activity, maintaining a balanced exposure to Re points and fixed rate.
PTs cater to conservative users who prefer predictable redemptions and no exposure to speculative Re Points dynamics. YTs, on the other hand, are suited for users seeking leveraged exposure to Re Points outcomes.
Liquidity providers can deposit reUSD into the pool, obtaining LP tokens that keep them entitled to Re points and fixed rate, while collecting trading fees at the root level. The result is a non-correlated market tied not to onchain yield, but to measurable activity and speculation around Re’s broader incentive program.
Both PTs, YTs, and LP tokens can be integrated into other protocols. Imagine PTs serving as collateral in lending markets, or YTs paired in structured products that allow traders to isolate and price exposure to Re Points valuations. It’s a market built not on synthetic returns, but on the transparent accounting of reward mechanisms within the Re ecosystem, made tradable through DeFi infrastructure.
New Users, New Use Cases
This integration targets a distinct segment of DeFi and unlocks new opportunities for reUSD holders.
- For fixed-rate users (PT holders): gain predictable redemption of reUSD at maturity, ideal for those who prefer stability or believe Re Points are currently overvalued.
- For speculative users (YT holders): take a directional position on the Re Points program’s future value, recognizing that YTs do not accrue onchain yield but can benefit from any appreciation of Re Points over time, e.g. Pay 1 reUSD to obtain the points-earning power equal to holding 20 reUSD units.
- For liquidity providers (LPs): earn trading fees and 30x Re Points boosts by supporting market depth for PT and YT traders.
This design introduces optionality and transparency, each participant can choose between fixed, speculative, or balanced exposure depending on their strategy.
How to Participate
Getting started is straightforward. Head to the Spectra reUSD pool on Avalanche, and choose your strategy between Principal Tokens (PT), YT tokens, or LP Tokens.
Re Points are updated regularly (every 24 hours) and can be viewed on Re’s Points page. Spectra’s interface only displays the multiplier (e.g., x30 Re per YT).
Per YT unit, users receive 30 Re Points per day per 1 YT unit held (subject to system parameters).
Ready to start earning boosted Re points? Visit the Spectra pool on Avalanche, select your strategy, and earn 30× Re points.
https://app.spectra.finance/pools/avax:0xa408da847d716d3ea76e71b0db3c1d3f3514b276