Nexus Mutual & Babylon Launch Staking Protection for Bitcoin Network

Nexus Mutual, a leading provider of crypto insurance solutions, has partnered with Babylon Labs to introduce slashing protection for the Proof-of-Stake (PoS) mechanism in their Bitcoin network. This product will provide safeguards against potential validator risks and bolster confidence among stakers who contribute to the system’s stability. Babylon Labs, while not directly involved in the coverage, will act as advisors on the product development.