ether.fi, a leading onchain neobank for digital asset management, has selected Nexus Mutual to provide the largest-ever ETH slashing cover in crypto history. This landmark partnership protects ether.fi’s validators against up to 15,000 ETH in slashing penalties, a figure that exceeds all previous slashing losses combined.
The coverage addresses a critical tail risk as ether.fi operates one of the largest validator sets on Ethereum and continues to gain traction among both retail and institutional users. Over the past year, the platform has systematically reinforced its infrastructure, risk management, operational security, and real-time defense systems. The new insurance backstop adds a final layer of security, ensuring users are protected even in extreme scenarios.
Mike Silagadze, Founder & CEO of ether.fi, emphasized the strategic importance: “We’ve always believed the safest protocols will ultimately win. That’s why we’ve invested heavily in audits, operational security, staking architecture, and now the largest insurance program in the industry.”
Hugh Karp, Founder of Nexus Mutual, highlighted the trust between the teams: “We’ve known the ether.fi team since before it was ether.fi, and they’ve been focused on risk from day one. Covering their users for up to 15,000 ETH in slashing penalties is a historic step.”
ether.fi manages over $6 billion in assets across its Cash, Stake, and Liquid product lines. Nexus Mutual, established in 2019, has underwritten more than $7 billion in coverage against smart contract hacks, slashing events, and other digital asset risks, making it a trusted partner for institutional-grade risk management onchain.
