Digital asset insurance provider SoterInsure launches ETH denominated insurance for Ethereum pledge forfeiture

SoterInsure, a digital asset insurance provider, announced the launch of Ethereum-denominated forfeiture insurance, which was jointly developed by SoterInsure and GalaxyDigital. It mainly targets the core risk of verifiers being forfeited due to protocol violations in Ethereum pledge, and provides security guarantees for Ethereum verifiers and institutional pledgers., realizing 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."