Insured Staking Solution To Counteract Slashing Risks Brings Two Companies Together
Portfolio Pulse from Murtuza Merchant
Boerse Stuttgart Digital and Munich Re Group are collaborating to introduce an insured staking solution to counteract 'slashing' risks in the Ethereum blockchain's Proof-of-Stake mechanism. The initiative builds on their existing partnership, which began with crypto custody insurance in 2022. The primary goal is to offer institutional clients a reliable gateway to staking, while also exploring new income avenues in proprietary trading.
September 15, 2023 | 8:32 pm
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The insured staking solution by Boerse Stuttgart Digital and Munich Re Group could increase institutional interest in Ethereum, potentially driving up its price.
The insured staking solution is designed to mitigate the 'slashing' risks associated with Ethereum's Proof-of-Stake mechanism. This could make Ethereum more attractive to institutional investors, potentially leading to increased demand and a rise in Ethereum's price.
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