DeFiPunk'd

Re

RWA

TVL $279.2M
Type RWA
Chains Ethereum, Base, Avalanche, Arbitrum
View on DeFiLlama ↗
Control criteria
Upgradeability Unknown Bug bounty Governance forum Docs docs.re.xyz
About

Re Protocol channels on-chain stablecoin capital (USDC, USDe, sUSDe) into real-world reinsurance treaties via Insurance Capital Layer smart contracts. Participants deposit into ICLs to receive reUSD (senior, 250bps spread, instant redemptions) or reUSDe (junior, 850bps spread, quarterly windows), earning yield from blended SOFR and sUSDe basis rates. Fireblocks multisig holds idle on-chain funds; drawn capital moves to U.S. trust bank for admitted collateral backing. Daily Chainlink-published proof-of-reserves and actuarial oversight.

Risk analysis

One card per dimension, sorted by severity. Only Verifiability and Autonomy carry automated signals in Phase 0. See methodology for scope.

Audit a dimension yourself · DEFI@home Contribute an LLM-run assessment — any model, any dimension. Three agreeing runs merge automatically into the public record.

DEFI@home is a distributed audit network modeled on SETI@home: instead of CPU cycles, it crowdsources LLM reasoning. Paste a slice prompt into Claude, ChatGPT, Gemini, or any browsing-capable model, and submit the JSON output as a pull request. The quorum bot merges it once ≥3 independent runs (from different models) reach the same grade — no single model, and no single contributor, can move the needle alone. How it works →

  • Address discovery 5 addresses on file · 1 run Submit run ↗
  • Verifiability Unverified Submit run ↗
  • Control Unverified Submit run ↗
  • Ability to exit Unverified Submit run ↗
  • Autonomy Unverified Submit run ↗
  • Open Access Unverified Submit run ↗
  • Audit all 5 dimensions · one prompt Submit run ↗
  1. Verifiability tentative
    Open source + 3 audits

    Protocol publishes a GitHub repository and has at least one audit on record. This is a coarse Phase-0 signal only: auditor reputation, scope, and post-audit review coverage are not yet weighted.

    Run your own prompt Submit run ↗
4 dimensions not yet assessed (Control, Ability to exit, Autonomy, Open Access)
  1. Control unknown Unverified
    Not yet assessed

    Who holds admin privileges, how contracts can be upgraded, and how quickly. No automated heuristic grades this at Phase 0; a real assessment arrives when onchain discovery reads roles, owners, and timelocks.

    No model has graded this dimension yet. Run the slice prompt through any LLM and submit the JSON — once ≥3 independent runs agree, the quorum bot merges the verdict here.

    Submit run ↗
  2. Ability to exit unknown Unverified
    Not yet assessed

    Whether users can exit on their own terms if the team disappears or acts adversarially. Requires per-protocol review; not available at Phase 0.

    No model has graded this dimension yet. Run the slice prompt through any LLM and submit the JSON — once ≥3 independent runs agree, the quorum bot merges the verdict here.

    Submit run ↗
  3. Autonomy unknown Unverified
    No Phase-0 autonomy signal

    Neither the category heuristic nor the forkedFrom signal fires for this protocol. A real autonomy graph (oracles, bridges, fallbacks, governance-mutable dependencies) arrives with Phase-2 onchain discovery.

    No model has graded this dimension yet. Run the slice prompt through any LLM and submit the JSON — once ≥3 independent runs agree, the quorum bot merges the verdict here.

    Submit run ↗
  4. Open Access unknown Unverified
    Not yet assessed

    Whether the protocol depends on privileged operators, whitelists, geo-restrictions, or off-chain infrastructure. This is not a signal DeFiLlama carries in a usable form; crawler-based detection lands in a later phase.

    No model has graded this dimension yet. Run the slice prompt through any LLM and submit the JSON — once ≥3 independent runs agree, the quorum bot merges the verdict here.

    Submit run ↗

Stage

Preview of the Phase-3 maturity framework. DeFiPunk'd will adopt DeFiScan v2's stages verbatim; the section is rendered below in its intended shape so the structure is visible today.

Re has not yet been assessed under the DeFiScan v2 stage framework.
The walkaway test is the central criterion. Once stages land, protocols reach Stage 1 only if users can exit in the presence of malicious operators even when the emergency council disappears.
Scope of assessment
Stages are assessed per-protocol against DeFiScan v2's criteria: governance structure, upgradeability path, timelock durations, emergency-council scope, and the walkaway test. The analysis depends on onchain discovery (roles, owners, timelocks) and deeper review of deployed contracts — neither of which DeFiPunk'd automates at Phase 0.
Stage 0 requirements pending
Governance is largely off-chain, contracts are upgradeable with short or no timelock, and the protocol depends on a multisig or team with full discretion. At Phase 0 DeFiPunk'd does not automatically evaluate these; the assessment lands with crawler-based onchain discovery.
Stage 1 requirements pending
Users can exit or opt out on their own terms even if the team disappears. Upgrades run through a meaningful timelock with an emergency security council clearly scoped. The walkaway test is the headline criterion.
Stage 2 requirements pending
Protocol is fully permissionless and immutable, or upgrades require a supermajority of token holders with a long timelock and no emergency override. This is the terminal stage of the DeFiScan v2 framework.
Learn more about DeFiScan v2 stages →
Stages are an opinionated assessment of maturity, not a rating of security or safety. A protocol can sit at Stage 2 and still carry substantial technical or economic risk; the framework exists to incentivize decentralization, not to rank protocols.

Contract surface

Every contract in scope for this protocol — pooled from DeFiLlama's TVL adapter (mechanical) and DEFI@home discovery submissions (LLM-curated). Verified-source flags come from Etherscan + Sourcify; owner / multisig metadata is read on-chain when available. Reviewer audit context, not a slice score. A lending protocol's adapter set will list third-party collateral tokens alongside its own contracts; attribution is the grader's job.

  • 40addresses
  • 27verified source
  • 13proxies
  • 5of 9 owners are Safes

TVL adapter pinned at 683d369. Sourcecode fetched 2026-05-06. Control fetched 2026-05-14.

arbitrum0x295f…689eTVL
arbitrumERC1967Proxy0x802e…0291TVLproxy
arbitrum0xfb60…4bb0TVL
arbitrumRedemptionVault0xfd40…b852TVL
arbitrumStakedUSDeOFT0x211c…e5d2TVL0xc964…406d5/10 Safe
arbitrumTransparentUpgradeableProxy0xff97…5cc8TVLproxy0x0000…0001
arbitrumFiatTokenProxy0xaf88…5831TVLproxy0xc7a5…ebc9
arbitrumUSDeOFT0x5d3a…ef34TVL0xc964…406d5/10 Safe
arbitrumTransparentUpgradeableProxy0xfd08…cbb9TVLproxy0x4dff…0bf83/5 Safe
Arbitrumtoken (reUSD)0x76ce…5609discoverytoken
Avalanchetoken (reUSD)0x180a…25bfdiscoverytoken
avax0x295f…689eTVL
avax0x4f1f…dae4TVL
avaxERC1967Proxy0xb22a…fbe1TVLproxy
avaxRedemptionVault0xe132…9d23TVL
avaxStakedUSDeOFT0x211c…e5d2TVL
avaxFiatTokenProxy0xb97e…8a6eTVLproxy
avaxENAOFT0x5d3a…ef34TVL
avaxTransparentUpgradeableProxy0x9702…a8c7TVLproxy
base0x19af…5896TVL
base0x295f…689eTVL
baseRedemptionVault0x9ab6…1fe3TVL
baseStakedUSDeOFT0x211c…e5d2TVL
baseERC1967Proxy0x7d21…cfeaTVL + discproxytoken
baseFiatTokenProxy0x8335…2913TVLproxy
baseUSDeOFT0x5d3a…ef34TVL
baseUSDT0xfde4…9bb2TVL
ethereum0x295f…689eTVL
ethereumERC1967Proxy0x4691…3093TVLproxy
ethereumRedemptionVault0x5c45…b147TVL
ethereum0x9ea3…adf8TVL
ethereum0xd437…31e9TVL
ethereumERC1967Proxy0xe188…3082TVLproxy
ethereumStakedUSDeV20x9d39…3497TVL0x3b0a…18625/11 Safe
ethereumFiatTokenProxy0xa0b8…eb48TVLproxy0xfcb1…ae3a
ethereumUSDe0x4c9e…68b3TVL0x3b0a…18625/11 Safe
ethereumERC1967Proxy0xdc03…384fTVLproxy
ethereumTetherToken0xdac1…1ec7TVL0xc6cd…a828
Ethereumtoken (reUSD)0x5086…0c72discoverytoken
Ethereumtoken (reUSDe)0xddc0…cc5adiscoverytoken

Protocol Info

Links

[defillama] Source: DeFiLlama [:] Source: DEFI@home quorum
Twitter
@re

Security

[:] Source: DEFI@home quorum
Audits
1 audit
Bug bounty
unknown
Security contact
staking@re.xyz

Technical

[:] Source: DEFI@home quorum
Deployed contracts
https://docs.re.xyz
Upgradeability
Unknown

Provenance

[defillama] Source: DeFiLlama
Review status
listed
Updated
2026-06-01 11:27 UTC