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 duvet protects ether.fi‘s validators towards 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 towards slashing danger for ether.fi customers is crucial. During the last yr, ether.fi has been systematically strengthening their stack throughout infrastructure, danger 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 danger for them. By working with Nexus Mutual, ether.fi has mitigated this with safety that kicks in to safe towards 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 in the end 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 associate with Nexus Mutual to make this a actuality,” mentioned Mike Silagadze, Founder & CEO of ether.fi.
“We’ve identified the ether.fi group since earlier than it was ether.fi, they usually’ve been targeted on danger from day one. Protecting 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 shopper adoption.
About Nexus Mutual
Nexus Mutual is the primary crypto insurance coverage various. Since 2019, they’ve lined greater than $7 billion towards good contract hacks, slashing, and different digital asset dangers. Because the {industry} chief, they’ve change into a trusted associate for everybody from people to establishments to assist handle onchain danger.
Contact
Head of Advertising
Phil Johnston
Nexus Mutual
[email protected]