London, United Kingdom, July seventeenth, 2026, Chainwire
ether.fi, the main onchain neobank for digital asset administration, has chosen Nexus Mutual to offer crypto’s largest-ever ETH Slashing Cowl. The quilt protects ether.fi‘s validators in opposition to as much as 15,000 ETH price of slashing penalties.
As ether.fi continues to see speedy adoption from each retail and institutional audiences, securing industry-leading safety in opposition to slashing threat for ether.fi customers is vital. During the last yr, ether.fi has been systematically strengthening their stack throughout infrastructure, threat administration, operational safety and real-time protection programs.
Since ether.fi operates one of many largest validator units on Ethereum, slashing is an actual tail threat for them. By working with Nexus Mutual, ether.fi has mitigated this with safety that kicks in to safe in opposition to validator losses. This cowl was calculated to guard ether.fi in even essentially the most excessive situations and represents greater than all historic losses from ETH slashing mixed.
“We’ve all the time believed the most secure protocols will finally win. That’s why we’ve invested closely in audits, operational safety, staking structure, and now the biggest insurance coverage program within the {industry}. We’re excited to accomplice with Nexus Mutual to make this a actuality,” mentioned Mike Silagadze, Founder & CEO of ether.fi.
“We’ve recognized the ether.fi workforce since earlier than it was ether.fi, and so they’ve been centered on threat from day one. Overlaying their customers for as much as 15,000 ETH in slashing penalties is a historic step, and we’re proud they selected Nexus Mutual to take it with them,” mentioned Hugh Karp, Founding father of Nexus Mutual.
About ether.fi
ether.fi is the main onchain neobank for digital asset administration. With $6B+ in AUM throughout Money (crypto card), Stake (restaking), and Liquid (liquid restaking derivatives), ether.fi has established class dominance in crypto neobanking. It’s the uncommon institutional-grade product constructed for client adoption.
About Nexus Mutual
Nexus Mutual is the primary crypto insurance coverage different. Since 2019, they’ve coated greater than $7 billion in opposition to sensible contract hacks, slashing, and different digital asset dangers. Because the {industry} chief, they’ve turn into a trusted accomplice for everybody from people to establishments to assist handle onchain threat.
Contact
Head of AdvertisingPhil JohnstonNexus Mutual[email protected]
