Figment and Nexus Mutual have partnered to offer an ETH Slashing Cover product, protecting customers against validator slashing risks.
It will offer a solution protecting Figment customers against validator double-sign slashing risks.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Staking infrastructure platform Figment and crypto protection provider Nexus Mutual have joined forces to offer Figment customers additional protection against validator slashing risks with the launch of"ETH Slashing Cover.
"Top-class institutions realize that even with the most reliable set-ups, there is always the risk of something going wrong,” Nexus Mutual founder Hugh Karp said in the statement. “Giving their customers access to first-in-class cover is simply the responsible thing to do."Nexus Mutual said that with ETH Slashing Cover, Figment customers can potentially protect themselves against the risks of double-sign slashing events for up to 1 ETH per validator.
“Figment operates some of the industry’s most robust infrastructure, reducing the possibility and magnitude of double-sign slashing risk,” Figment founder and CEO Lorien Gabel added. “Now, Figment and Nexus Mutual can give delegators a way to further hedge against double-sign slashing risks while minimally impacting rewards.”worth of claims in 2022, according to OpenCover.
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