ether.fi has selected Nexus Mutual to provide ETH slashing cover for its validator operations, with protection covering slashing penalties on as much as 15,000 ETH. The company said it runs a large validator set on Ethereum and views slashing as a tail risk. The cover is intended to compensate validator losses and, according to ether.fi, exceeds the cumulative total of historical ETH slashing losses. ether.fi also said it now manages more than $6 billion in assets across products including Cash, Stake, and Liquid. Nexus Mutual, for its part, has provided more than $7 billion in coverage since 2019 for smart contract exploits, slashing, and other digital asset risks. The update was reported by Decrypt and carried by Odaily.
ether.fi has chosen Nexus Mutual to provide ETH slashing cover, protecting its validator operations against slashing penalties on up to 15,000 ETH.
The onchain digital asset management neobank said it operates a large validator set on Ethereum and treats slashing as a tail risk. The protection is designed to cover validator losses, and ether.fi said the size of the cover is larger than the cumulative total of historical ETH slashing losses.
ether.fi currently manages more than $6 billion in assets across products including Cash, Stake, and Liquid. Nexus Mutual has provided more than $7 billion in coverage since 2019 for smart contract attacks, slashing, and other digital asset risks.
The report was cited from Decrypt.
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