Digital asset insurance provider Soter Insure launches Ethereum-denominated slashing insurance

Odaily News Digital asset insurance provider Soter Insure has announced the launch of Ethereum-denominated slashing insurance. This innovative insurance product was developed in collaboration with Galaxy Digital, providing crucial security for Ethereum validators and institutional stakers. It addresses the core risk of asset slashing due to protocol violations in Ethereum staking, with both premiums and claims denominated and settled in ETH. This solves the issue of insufficient coverage in traditional USD-denominated insurance when ETH prices rise, thereby eliminating "currency mismatch risk." (PRNewswire)