Babylon’s Bitcoin Staking Gets a Safety Boost with Nexus Mutual Insurance

TL;DR Nexus Mutual launches an insurance product to protect against slashing penalties in Babylon’s Bitcoin staking network. The insurance is designed to mitigate risks associated with the slashing system, offering greater stability and confidence for users. The Babylon network, which uses a PoS model backed by Bitcoin, continues expanding with the deployment of its “Genesis”. source: https://crypto-economy.com/babylons-bitcoin-staking-gets-a-safety-boost-with-nexus-mutual-insurance/