ether.fi chooses Nexus Mutual to provide a maximum of 15,000 ETH in penalty protection

The on-chain digital asset management neobank ether.fi has chosen Nexus Mutual to provide ETH slashing coverage, covering slashing penalties for its validators up to a maximum of 15,000 ETH. ether.fi stated that it operates a large-scale validator set on Ethereum, and slashing is considered a tail risk.

This coverage is used to cover validator losses, exceeding 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.