# Increase insurance coverage **URL:** \ **Category:** Proposals\ **Created:** [April 20, 2021, 7:38am UTC](https://research.lido.fi/t/increase-insurance-coverage/497 "2021-04-20T07:38:02Z")\ **Posts on this page:** 5\ **Page:** 1
**Author:** ![kadmil](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/kadmil/32/1958_2.png) [@kadmil](https://research.lido.fi/u/kadmil)\ **Post date:** [April 20, 2021, 7:38am UTC](https://research.lido.fi/t/increase-insurance-coverage/497/1 "2021-04-20T07:38:02Z")
Last February Lido has [purchased the Unslashed coverage](https://research.lido.fi/t/buy-slashing-insurance-for-steth-on-unslashed-finance/288) for 196749.858268 ETH from 5% slashing. As there’s more than 250000 ETH pooled already and new Node Operators are joining the mainnet, it could be useful increase the insurance coverage. Currently Unslashed can provide the coverage for 5% slashing on 385000 ETH. The insurance extension to this amount would cost the Lido about 33 ETH (the exact number varies with insurance token price fluctuations and time passing). The non-consumed ETH at the end of the cycle on June the 22th will be automatically rolled over to provide insurance over the following cycle or could be withdrawn by the Lido DAO. Thus the relatively high cover amount would save Lido from rushing to the buying more insurance in short time. ---
**Author:** ![kethfinex](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/kethfinex/32/930_2.png) [@kethfinex](https://research.lido.fi/u/kethfinex)\ **Post date:** [April 20, 2021, 7:52am UTC](https://research.lido.fi/t/increase-insurance-coverage/497/2 "2021-04-20T07:52:16Z")
I support this proposal, I think it’s a great idea. ---
**Author:** ![katernoir](https://avatars.discourse-cdn.com/v4/letter/k/f475e1/32.png) [@katernoir](https://research.lido.fi/u/katernoir)\ **Post date:** [April 20, 2021, 9:09am UTC](https://research.lido.fi/t/increase-insurance-coverage/497/3 "2021-04-20T09:09:31Z")
I support this proposal. I believe the bigger Lido gets, the more important our insurance coverage will be. The treasury has accumulated enough stETH via staking rewards to pay the additional 33 ETH. ---
**Author:** ![skozin](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/skozin/32/44_2.png) [@skozin](https://research.lido.fi/u/skozin)\ **Post date:** [April 21, 2021, 1:56pm UTC](https://research.lido.fi/t/increase-insurance-coverage/497/4 "2021-04-21T13:56:55Z")
The DAO vote: [Aragon](https://mainnet.lido.fi/#/lido-dao/0x2e59a20f205bb85a89c53f1936454680651e618e/vote/60). It is for transferring 36 stETH to the [insurance purchaser contract](https://etherscan.io/address/0x2Ca788280fB10384946D3ECC838D94DeCa505CF4) that we’ve used the last time for the same purpose. The actual amount of stETH spent will be lower but not known yet because of possible fluctuations of stETH/ETH price and insurance premium price; it should be closer to 34-35 stETH. Any unspent amount of stETH will be transferred back to the DAO treasury by the purchaser contract. ---
**Author:** ![kadmil](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/kadmil/32/1958_2.png) [@kadmil](https://research.lido.fi/u/kadmil)\ **Post date:** [April 22, 2021, 10:22pm UTC](https://research.lido.fi/t/increase-insurance-coverage/497/5 "2021-04-22T22:22:24Z")
We’ve bought the extra insurance to protect another 203885.64563 ETH staked from 5% slashing. This gets the Lido covered for 5% slashing on more than 400000 ETH staked until the June 22nd. > **[Ethereum Transaction Hash (Txhash) Details | Etherscan](https://etherscan.io/tx/0x89949dccd3d0d8f44120b0513b28c7532fbd56100e959866b85e379abcf0a7e7)** > > Ethereum (ETH) detailed transaction info for txhash 0x89949dccd3d0d8f44120b0513b28c7532fbd56100e959866b85e379abcf0a7e7. The transaction status, block confirmation, gas fee, Ether (ETH), and token transfer are shown.