A reinsurance yield token just landed on Monad. Step 4 of the how-to is "borrow USDC."
Re's reUSD went live on Monad on Nov. 3, bridged from Ethereum via Chainlink CCIP. Its ~7% yield comes from real-world reinsurance, which Re pitches as "largely uncorrelated" with crypto markets.
The suggested route: buy Pendle's PT-reUSD, post it as collateral on Morpho, borrow USDC. Yield-token buyers get 30x Re points plus 0.54% APR in MON, rising toward 0.75% as the pool nears 10M reUSD. Re told Foresight News that reUSD and reUSDe deposits now top $400M.
Uncorrelated yield is a real product. Borrowing against it adds back the one correlation DeFi never runs out of: your liquidation price.
Source: Re: reUSD is live on Monad