June 29 (Cointime) - Chorus One, an institutional staking provider, has partnered with Nexus Mutual to offer insurance coverage for stakers on Ethereum. Chorus One will be one of the first node providers to purchase on-chain staking coverage from Nexus Mutual to protect its users from slashing.

Staking has become an attractive source of income for institutional investors following the Shapella upgrade. Chorus One will provide base coverage for all users who stake Ethereum through OPUS, its multi-chain staking API for institutions, until the end of this year.

Customers also have the option of going for an upgradable insurance cover on other networks outside of Ethereum.