Ether.fi partners with Nexus Mutual to add 15,000 ETH slashing cover

Ether.fi, an on-chain digital asset management platform, announced the launch of a slashing coverage program with decentralized insurance protocol Nexus Mutual that provides up to 15,000 ETH in protection for validator losses from slashing, according to Decrypt. The company described it as the crypto industry’s largest ETH slashing insurance program. Ether.fi said it has continued to strengthen infrastructure, risk management, and operational security as institutional and retail users have grown rapidly, and added that it has established protections against extreme slashing risks as one of Ethereum’s largest validator operators. Ether.fi CEO Mike Silagadze said the company has continued investing in security and staking infrastructure based on its belief that the safest protocol will ultimately win. Nexus Mutual founder Hugh Karp called the slashing cover of up to 15,000 ETH a historic milestone.