When staking Ethereum, it is important to know the risks, like “Double-Sign Slashing”, but knowing the risks does little to help mitigate them. However, with some background and historical on-chain data, you can build out best practices and products to mitigate the risks associated with staking. Having a plan to mitigate the risks associated with staking before and after a slashing event should be at the heart of every Ethereum staker.

At Figment, this led to our safety over liveness approach. A multi-layered risk management approach reducing the likelihood and magnitude of double-sign slashing risks wherever possible. However, many customers want the option to secure their staked ETH with an extra layer of protection, which is why Figment partnered with Nexus Mutual to offer ETH Slashing Cover.

Together, Figment and Nexus Mutual can give ETH stakers the option to further hedge against double-sign slashing risks. When combined with Figment’s off-the-shelf coverage, those who purchase ETH Slashing Cover can reach up to 100% double-sign loss protection.

But you might be wondering, “What validator best practices reduce the likelihood and magnitude of double-sign events?” and “What protections can you put in place to hedge against slashing risks?”. Get the answers to these and all your risk management questions on August 2nd at 10 am CET.

Figment and Nexus will be diving into the risks associated with staking, validator best practices, and the layers of risk mitigation, including the new ETH Slashing Cover offering.

As Senior Product Manager at Figment, Josh hones in on products and offerings related to staking risk management and coverage. Josh also owns the relationships with brokers, underwriters, and on-chain coverage providers, collaborating closely with them to ensure Figment is equipped with industry-leading policies. Josh has worked in the blockchain space for five years, leading blockchain-type audit files while at KPMG and then as Manager of FP&A at Bitfarms, one of North America's largest publicly traded bitcoin mining companies. Outside of the blockchain space, Josh was Director of Finance of a health-tech startup, Elemy, prior to joining Figment.

Founder of Nexus Mutual, an automated discretionary mutual running on Ethereum. He is an insurance professional and actuary with over 15 years of experience in the insurance industry. He has held a variety of roles in both primary and reinsurance companies, including as CFO for a global reinsurers’ Life operations in the UK.

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