ItsMeJon 🌎

protecting the world with internet money @re | knee deep in my napalm era

[ItsMeJon 🌎 @ContraryActuary]

https://t.co/fseeIV7eQc

[ItsMeJon 🌎 @ContraryActuary]

@CosmicDude3000 @re Commercial Liability, Auto, Workers' Comp, Property, Homeowners, Professional Liability, Specialty ... and we insulate ourselves from catastrophe exposure

[ItsMeJon 🌎 @ContraryActuary]

It's less dependent on geography but Hawaii has a more isolated insurance ecosystem. They tend to have on island agents who only do island business. Therefore the insurance companies in Hawaii tend to focus on Hawaii business. We don't (yet) reinsure them.

Alaska is extremely remote. Claims in Alaska require deep expertise. Companies don't generally write in Alaska unless they're also very familiar with the local community.

As a reinsurer we will explore every opportunity that crosses our desk to partner with profitable insurance companies and teams. We hope to encounter some Hawaiian and Alaskan opportunities soon!

[ItsMeJon 🌎 @ContraryActuary]

@0x_carson @re Not excluded. There are typically niche operators in those states, we haven't come across a reinsurance opportunity with them yet.

[ItsMeJon 🌎 @ContraryActuary]

why use more word when few word do trick

[Om Patel @om_patel5]

I taught Claude to talk like a caveman to use 75% less tokens.

normal claude: ~180 tokens for a web search task

caveman claude: ~45 tokens for the same task

"I executed the web search tool" = 8 tokens
caveman version: "Tool work" = 2 tokens

every single grunt swap saves 6-10 tokens. across a FULL task that's 50-100 tokens saved

why does it work? caveman claude doesn't explain itself. it does its task first. gives the result. then stops.

no "I'd be happy to help you with that." no "Let me search the web for you" no more unnecessary filler words

"result. done. me stop."

50-75% burn reduction

with usage limits getting tighter every week this might be the most practical hack out there right now

[ItsMeJon 🌎 @ContraryActuary]

it's still difficult to wrap my head around how monumental this is

can't stop won't stop

[Re @re]

$100M is currently in transit from our liquid backing to our supporting reinsurance company. Funds are to be routed safely into trust to back diversified insurance business. Dashboards will temporarily show a dip. This will be reflected as off-chain capital shortly.

This is a unique moment in reinsurance history, and the first event of its kind at this scale.

[Fluid 🌊 @0xfluid]

New reUSD vaults are now live on Ethereum. 🌊

@re just found its best home: deep liquidity, best borrowing conditions, and Smart Liquidity architecture working for every depositor.

[ItsMeJon 🌎 @ContraryActuary]

@D2_Finance @0xWismerhill @smykjain @grok Put 5m down. Listen to us talk all day about how we don't write weather or quake unlike our onchain contemporaries. Put another 50m down. Tell your grandchildren about how their grandchildren are set for life.

[ItsMeJon 🌎 @ContraryActuary]

@D2_Finance @0xWismerhill @smykjain @grok Yup ymmv and looping is not for everyone. Not all 20%+ APR is created equal.

[ItsMeJon 🌎 @ContraryActuary]

Yes the underlying reinsurance carries risk. But it's not transient hype, it's a permanent going concern producing profits.

The business operates on 5x leverage. Each dollar of reUSD supports 5 dollars of reinsurance premium. That means the ~650 yield on reUSD is supported by 130 bps of margin on the reinsurance business. Re's reinsurance business produces 12 dollars of margin per 100 dollars of premium.

The RWA class tokens all carry some form of asset or operating risk. reUSD is no exception. But reUSD is senior to other capital in the reinsurance company and supports low volatility insurance business. Likelihood of capital impairment models out to be < 1%.

[ItsMeJon 🌎 @ContraryActuary]

We primarily write quota share reinsurance (think of it as a pro rata slice of an insurance company's income statement). Notional insured values can be multiples of premium, but since we reinsure the entire insurer and not just their large claims, the appropriate measure is combined ratio because of the law of large numbers.

Our combined ratio is 92% on our entire portfolio. This means $8 of profit remains on every $100 of premium after claims and expenses are paid. There is uncertainty in this estimate, but the volatility around this estimate is low. Far lower compared to reinsuring earthquakes and hurricanes.

This estimate is also corroborated by our insurance company customers and auditors.

These are good questions and we're planning for future disclosures around our estimates and third party views of our book. Stay tuned!

[ItsMeJon 🌎 @ContraryActuary]

Creative Director

[signüll @signulll]

the most underrated hire right now is a great product person.

when i say product person i'm def not talking about a product manager. perhaps i think there has to be somewhat of a new role. i don't have a good name for it yet but maybe something like "product thinker".. someone with an intuitive grasp of the product as it exists, where it's soft, where it sings, & how to iterate it toward something even sharper. in some sense, this person has to cohesively hold in their head where this product should be 2 years from now & work backwards from that.

i say this cuz when building was hard, engineering was the bottleneck & the status hierarchy often reflected that. building is no longer hard. which means the variance in outcomes has shifted almost entirely to judgment on what to build, how to sequence it, & how to talk about it.

& the story matters as much as the thing. internally, it organizes the team around a shared model of why. externally, it shapes the interpretive frame users bring to their first experience. you can't retrofit narrative onto a product & expect it to land, it has to be load bearing from the start.

the rarest version of this person sits at the intersection of culture & deep technology. someone genuinely bilingual. they know what's technically possible & they know which cultural currents are real vs. ephemeral. that combo is what separates products that feel inevitable from products that feel assembled.

before ppl clap back with this person has always been valuable, i know.. i am just saying now they might be the most *important* person in the room. their value compounds like never before.

[ItsMeJon 🌎 @ContraryActuary]

Yields fueled by a business that is not impacted by crypto fervor. LARPing as a crypto day trader is fun until it's not, put some @re in your portfolio so you can sleep a little easier at night.

[Carson @0x_carson]

If you want to actually diversify your portfolio with HIGH stablecoin yields read this post.

I have recently got excited about a new protocol to ape into. And it's not for the reasons you might think.

@re is a re-insurance RWA protocol. You can read into what re-insurance is on your own time. But if you deposit into their reUSDe asset, you money goes into real financial companies providing a real financial service, and you get back the returns. This service is a type of insurance (insuring insurance companies).

What you really want to hear is that this yields 12% + points.

And on Pendle? Forgetaboutit. You're earning nearly 20% by LPing.

But if it's not just the yield I'm excited about with @re then what is it?

Well there's a concept in Modern Portfolio Theory that the way to optimally diversify a portfolio is not just to invest in lower risk assets. But to invest in un-coorelated assets. If you diversify your BTC portfolio by investing into something like Ethena, which makes it's money trading BTC basis trades, are you really diversified away from BTC? No. You're just earning less risk/reward.

But reUSDe spiked my interest because unlike most things in crypto it doesn't just trace back to BTC. Hurricanes don't care about BTC price and that's the kind of stuff that re-insurance moves on.

Look at this chart:
You can see that Ethena's sUSDe is still correlated 40% to BTC movement. While reUSDe is hardly correlated at all!

This is real de-risking. Because this means it's much more likely that if your BTC or sUSDe is down, your reUSDe isn't down for the same reasons.

This means that you can get double digit stablecoin yield while also actually managing risk like a real portfolio manager!

Note this is not financial advice. I vibe coded that chart with data Claude looked up; if you trade based off of what I say you are a silly goose.

Also @re please sponsor me.

[ItsMeJon 🌎 @ContraryActuary]

This is not entirely fair to mutuals. Carrier pigeons are an extremely reliable method for First Notice Of Loss.

[Hedge Quote @hedgequote]

Bro is describing mutual insurance companies in the US.

[ItsMeJon 🌎 @ContraryActuary]

@kenodnb @_SmokinTed @re we work with major fronts and insurers! info is public in US P&amp;C Annual Statement schedule F filings but happy to share in greater detail

[ItsMeJon 🌎 @ContraryActuary]

@Dnd_Franky @st3phdoteth bet

[ItsMeJon 🌎 @ContraryActuary]

@Dnd_Franky The other one

[ItsMeJon 🌎 @ContraryActuary]

Day 1 of #reinsurance speed dating at Target Markets

[ItsMeJon 🌎 @ContraryActuary]

@Dnd_Franky @st3phdoteth do it

[ItsMeJon 🌎 @ContraryActuary]

@cryptovishal7 @pendle_fi @re @Morpho ape ape ape

[ItsMeJon 🌎 @ContraryActuary]

Re spent 2025 proving that reinsurance can operate transparently onchain, with real counterparties, real premiums, and disciplined underwriting. 2026 is about scaling that foundation responsibly. Onchain finance only works long-term when trust and verification come first.

[ItsMeJon 🌎 @ContraryActuary]

@Dnd_Franky @re @natalieevagray @stepaks576 @st3phdoteth @karnsaroya @benaneesh @re_nigeria_ @Oluseyix @twinkle2089 @shinori_san I see a whale pug!