DeFi再保险协议Re的关键指标：绑定保费与应收保费

If you're gauging the growth and success of reinsurance with DeFi teams like @re, there's a few metrics you should pay attention to and watch for growth.

First up is Bound Premium, currently $511M for Re. Bound Premium is a pre-agreed fixed premium amount for a reinsurance contract, regardless of the business volume eventually written.

Another metric to track with Re is Premium Receivable, because it is an asset for reinsurers, one that represents money the reinsurer is legally owed by the ceding insurance company (their customer).

Re has a metrics dashboard here where you can track these numbers ($318.93M). Re's Premium Receivable metric is updated quarterly: http://app.re.xyz/metrics

To summarize:

1) TVL, which we can never escape! It still represents confidence, trust, and intent to put money to work onchain.

Re and Defillama report $244M, with $70M backing reUSD + reUSDe and $177M held offchain. Re self-reports another $318.93M in Premium Receivable, which Defillama currently doesn't count because it's not money locked in smart contracts onchain.

2) Whether you count Premium Receivable or not towards TVL, it is still a hugely important metric for gauging ongoing success and growth of a reinsurer like Re. It's an asset worth $318.93M, representing money to be paid to Re protocol that will be distributed partially to reUSD (6.14% APY) and reUSDe (12.26% APY) holders. Premium Receivable should be a number we track like protocol fees--how much of that gets paid to the protocol and depositors is another detail to dig into but no matter what, growing fees here shows real product-market fit.

3) Bound Premium is the most TVL-esque number to rally around in reinsurance, a stat that should be taken with a grain of salt, but is clearly indicative of growth and future cashflows, which will potentially lead to higher pay-outs of yield to depositors in Re barring any major claims/losses.