Effective immediately, $RE is live and freely transferable. Governance of the Re Protocol's policy layer now moves from a single founding sponsor into the hands of a distributed community of tokenholders.

Capital deployed through the protocol currently backs reinsurance treaties with more than 40 insurance partners through Cover Re SPC, which has written approximately $500 million in premiums (including $310 million in 2026 alone) and provided reinsurance to nearly one million US policyholders since inception. The protocol is also approaching $500 million in TVL in three and a half years.

What $RE Is

$RE empowers stakers to take an active role in governing the policy layer of the Re Protocol: protocol upgrades, technical permissions, committee formation, transparency and reporting standards, staking parameters, incentive policy, and governance procedure.

At launch, $RE governance covers Phase 1: Foundational Governance, which includes:

• Smart contract upgrades and technical permissions
• Staking and bonding mechanics
• Committee formation (including the Market Admissions Committee, Risk Standards Committee, Treasury and Investment Committee, Audit and Transparency Committee, and Technical Governance Committee)
• Transparency and reporting standards

$RE is live and freely transferable on Ethereum mainnet here. Always verify this address before transacting, as $RE is not issued at any other address. $RE is available on Binance, Robinhood, OKX, Bybit, and Kucoin amongst other exchanges.

Tokenomics

$RE has a fixed total supply of 1,000,000,000 tokens, with no ongoing inflation or perpetual emissions. The token is an ERC-20 on Ethereum mainnet, with broader EVM availability planned over time. Allocation is split across Ecosystem (50%), Ecosystem Development Reserve (13%), Core Contributors (20%) and Investors (17%).

Points

Claims are now open (June 18, 2026) at https://app.re.xyz/re.

Participants with up to 150M points earned in Season 1 may claim all of their $RE on June 18 on the Re Claims Portal. This represents 95% of all Season 1 participants.

Those with above 150M points will receive the first 150M worth of $RE plus 10% of the remainder on June 18. The remainder releases in six equal tranches over three years, once every six months. To receive the whole allocation of the first tranche in full, you must maintain your average Season 1 TVL baseline through that six-month window.

As an example, if you had exactly $100,000 deposited for ½ of the season duration, your TVL requirement is $50,000.

Users who fall short and don't fulfill their TVL requirement of the first tranche fully will only receive a prorated portion of their vested $RE.

As an example, if you're required to have $50,000 deposited through the first tranche, and you only deposited $25,000, you'll receive half of the allocated $RE for that period.

In future tranches, you're only eligible to claim as many tokens as you claimed in the previous tranche.

As an example, if you only upheld half of your TVL requirement, and claimed 50 out of the 100 $RE tokens you were eligible for, your next tranche will now only contain 50 $RE, and your TVL holding requirement also goes down proportionally.

If you don't participate in the TVL requirement of the first tranche at all, you will not be eligible to claim any tokens in the remaining tranches. The final two tranches, which release in year three, carry no holdings requirement to unlock subject to prior participation.

Holdings count any mix of reUSD, reUSDe, reUSD and reUSDe being used as collateral in lending markets, reUSD and reUSDe LP positions, Pendle PTs and YTs, each weighted to USD-equivalent, with no single day worth more than 2.5× your baseline.

The claims page shows your current holdings, your six-month running average, projection at close, and whether you're on track. When a tranche unlocks, come back and claim. In order to claim tokens, users must agree to Re's Claims Portal Terms and Conditions. Claims are not open to users in all jurisdictions, including the United States. For the top 5% of holders KYC must be completed.

Staking & Governance Participation

$RE holders who wish to participate in governance must stake their tokens. Stakers may vote on and submit governance proposals, serve as delegates, join protocol committees, perform attestation functions, and stand for additional protocol roles as they are introduced in later phases. Staking is subject to lockups, cooldowns, and unstaking periods, with slashing conditions applied for defined misconduct. A governance security budget, funded through market contributions, supports active protocol governance.

Staking rewards are designed as rewards for participation in governance and other pro-protocol activities, and not as passive yield or guaranteed returns.

How to Participate

Tokenholders collect $RE directly through the website: govern.re.xyz. $RE will also be available via major exchanges. More information on governance participation is available at govern.re.xyz, and full documentation on staking, proposal submission, and governance mechanics is available at docs.re.xyz.