Slashing Coverage
Institutions need scalable slashing coverage that will safeguard against digital asset loss exposure.
About our Coverage
Figment offers peace of mind to its customers by running some of the industry’s most robust infrastructure, including a SOC 2 and ISO 27001 certified environment, as well as holistic coverage to mitigate risks associated with slashing events.
We quantify risk exposure per network and protect client delegations through multiple layers of coverage targeting three kinds of loss:
- Double Signing
- Downtime
- Missed Rewards
About Slashing
Slashing is a security mechanism built into Proof-of-Stake networks to discourage undesirable behavior by validators. These slashing penalties affect both validators and token holders and vary depending on the network.
Double Sign Slashing Alerting
Figment is the first staking provider to contractually commit to offering Double Sign Slashing Alerting. This means that Figment will do the on-chain monitoring for you, saving you time and resources.
Should a double sign slashing event affect one of your Figment-operated validators, we will notify you promptly. By prioritizing transparency across all its supported networks, Figment bolsters its position as the best staking partner for institutional customers.
On-chain Coverage Partnerships
Through our partnership with Nexus Mutual and InsurAce, Figment’s Ethereum customers have the exclusive option to purchase affordable double sign slashing coverage.
In combination with Figment’s coverage, delegators can reach up to 100% double sign slashing protection at scale.
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