Crypto faces black swan events all the time from protocol exploits and stablecoin depegs to cascading liquidations Traditional reinsurance was built to absorb catastrophic losses by spreading risk across diversified portfolios and generating returns through underwriting rather than relying purely on market speculation What makes @onrefinance interesting is the potential to bring that model onchain and make reinsurance backed yield accessible to DeFi while connecting crypto to a much more established source of capital
