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The initiative is supported by German companies, including the global reinsurance firm Munich Re, which offers security against the common risks associated with cryptocurrency staking.

Staking with insurance

Bison’s partnership with Munich Re and Staking Facilities — a German staking provider — will enable the crypto trading platform to provide insured ETH staking.

The insurance is designed to cover the primary risk of “slashing,” which occurs when a network penalizes validators for improper actions, potentially leading to a loss of staked ETH.

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