The Nexus Mutual DAO voted to stake 6,784 ETH from the Mutual's capital pool with ether.fi, increasing the total capital pool ETH held in ether.fi's eETH to 8,292 ETH. This allocation reflects a strategic alignment between Nexus Mutual and ether.fi, underscoring our joint commitment to decentralized, secure, and risk-managed yield generation.
Nexus Mutual provides comprehensive coverage options for ether.fi vaults, ensuring that ether.fi stakers can protect themselves against risks such as smart contract hacks, oracle failure and more. By directly integrating Nexus Mutual cover options into their UI, ether.fi makes it as easy as possible for their community to stay secure.
Nexus Mutual’s capital pool is tapping into multiple reward streams through eETH by staking with ether.fi:
- Ethereum Staking Rewards: base ETH yield through staking
- EigenLayer Restaking Rewards: $KING tokens through restaking ETH on EigenLayer
- ether.fi Loyalty Points: seasonal incentives for ether.fi depositors with rewards awarded in $ETHFI
“ether.fi is focused on bringing the best risk adjusted returns on crypto. We are honored that Nexus Mutual chose us to grow their holdings and keep funds safe” said Mike Silagadze, Founder of ether.fi
“ether.fi has really redefined how people can use their crypto,” said Hugh Karp, Founder of Nexus Mutual. “We’re proud to be working together to build a foundation for sustained growth and innovation in the DeFi landscape.”
To learn more about staking with ether.fi (and everything else they have going on), head over to their website.
Whether you’re a company that aligns with our vision for DeFi or just have questions about onchain risk, connect with one of our risk experts today!
