ether.fi Selects Nexus Mutual to Provide Slashing Coverage of Up to 15,000 ETH

Odaily reported that on-chain digital asset management neobank ether.fi has selected Nexus Mutual to provide ETH slashing coverage, covering slashing penalties of up to 15,000 ETH for its validators. ether.fi stated that it operates a large-scale validator set on Ethereum, with slashing being a tail risk. This coverage is used to cover validator losses, with a coverage scale exceeding the total historical ETH slashing losses. ether.fi currently manages over $6 billion in assets across products such as Cash, Stake, and Liquid. Since 2019, Nexus Mutual has provided over $7 billion in coverage for smart contract attacks, slashing, and other digital asset risks. (Decrypt)