ether.fi Chooses Nexus Mutual for ETH Slashing Coverage

On-chain digital asset management neobank ether.fi has chosen Nexus Mutual to provide ETH slashing coverage for up to 15,000 ETH in penalties tied to its validators. According to Odaily, ether.fi said it operates a large validator set on Ethereum and considers slashing a tail risk. The coverage is designed to protect against validator losses and exceeds the total historical ETH slashing losses. ether.fi said assets under management across its Cash, Stake and Liquid products exceed $6 billion. Nexus Mutual has provided more than $7 billion in coverage for smart contract attacks, slashing and other digital asset risks since 2019.