Digital asset insurance provider SoterInsure launches Ethereum-denominated forfeiture insurance

SoterInsure, a digital asset insurance provider, announced the launch of Ethereum-denominated forfeiture insurance. This innovative policy product was jointly developed by SoterInsure and GalaxyDigital to provide key security guarantees for Ethereum verifiers and institutional pledgers. Aiming at the core risk of the verifier being forfeited due to agreement violations in Ethereum pledge, it realizes that premiums and claims are priced and settled in ETH, solving the problem of insufficient protection of traditional dollar-denominated insurance when ETH prices rise. Thereby eliminating "currency mismatch risks".