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ether.fi has chosen Nexus Mutual to provide up to 15,000 ETH in slashing protection
Svmuu News: On-chain digital asset management neobank ether.fi has selected Nexus Mutual to provide ETH slashing protection, covering up to 15,000 ETH in slashing penalties for its validators. ether.fi stated that it operates a large validator set at Ethereum, and slashing is considered a tail risk. This coverage is intended to compensate validators for losses and exceeds 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)
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