Unslashed Finance insures Lido Finance staking clients on Ethereum 2.0

Lido Finance has partnered with the DeFi protocol Unslashed Finance. The arrangement provides $200 million of slashing insurance for staking service’s clients against penalties for incorrect validation of blocks in the Ethereum 2.0 network.

Safe staking with Lido 🏝️

The Lido DAO has completed a purchase of slashing cover for 196,749.86 stETH from @UnslashedF, protecting stakers on Lido against up to 5% in slashing penalties.https://t.co/tWOXbHBzpM

— Lido (@LidoFinance) February 23, 2021

In early February in the Ethereum 2.0 network 75 validators were slashed.

Ethereum co-founder Vitalik Buterin said, that penalties would not exceed a quarter of the stake size in the Medalla test network in the early months of the protocol’s operation.

In February, Vitalik Buterin presented the details of the first hard fork in Ethereum 2.0, which includes reducing penalties for validator inactivity.

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