Verdict A different animal from the retail listings: private, fixed-price at 0.75% per year, with a 5,000 ETH deductible, so it pays only on a catastrophic, correlated slashing event, not routine slashing. That structure fits its target, because restaking multiplies the slashing surface: on top of Ethereum consensus slashing, EigenLayer AVS slashing is now live and can even redistribute slashed funds. Ether.fi is a top-tier, heavily audited LRT (weETH carries an A+ risk rating), which supports the covered protocol. The caveats: the attachment point is very high (nothing until 5,000 ETH, tens of millions of dollars), it is not openly purchasable, the restaking-slashing surface it insures is genuinely new and largely untested, and non-slashing LRT risks (a contract bug, an eETH discount) are not this cover. It is also the single largest exposure in the whole set.
Confidence: medium 6 red flags As of 2026-07-14