Soter Insure Launches Ethereum-Based Insurance for Validators

Digital asset insurance provider Soter Insure has announced the launch of an Ethereum-denominated insurance product. According to ChainCatcher, this initiative was developed in collaboration with Galaxy Digital and targets the core risks associated with validators facing asset forfeiture due to protocol violations during Ethereum staking. The insurance aims to offer security for Ethereum validators and institutional stakers, with premiums and claims settled in ETH. This approach addresses the inadequacy of traditional dollar-denominated insurance in covering risks when ETH prices rise, thereby eliminating the 'currency mismatch risk.'