Sherlock Bug Bounty Coverage
Are you ready to massively improve your smart contract protocol’s security without breaking the bank? Sherlock is thrilled to unveil its latest innovation: Bug Bounty Coverage. In the ever-expanding world of crypto, where >$50Bn is now at stake, this is a game-changer you can't afford to miss.What exactly is a bug bounty program?Think of it as your project's safety net. Once you deploy your project to a blockchain, setting up a bug bounty program is the next vital step. These progra...
Sherlock Bug Bounty Coverage
Are you ready to massively improve your smart contract protocol’s security without breaking the bank? Sherlock is thrilled to unveil its latest innovation: Bug Bounty Coverage. In the ever-expanding world of crypto, where >$50Bn is now at stake, this is a game-changer you can't afford to miss.What exactly is a bug bounty program?Think of it as your project's safety net. Once you deploy your project to a blockchain, setting up a bug bounty program is the next vital step. These progra...
Staking Pool Loss Due to Maple Deposit
SummaryOn December 4th, 2022, Sherlock was informed by M11 Credit that Orthogonal Trading would be unable to repay their loansSherlock currently has 5M USDC deposited into the non-permissioned USDC Maple pool managed by M11 CreditSherlock has been preliminarily advised that this pool will see ~20-25% recovery, meaning a loss of ~4M USDC for the Sherlock staking poolBased on the current ~11.5M USDC staking pool, Sherlock expects stakers to lose 33%-35% of capital due to this eventTimeline of E...
Staking Pool Loss Due to Maple Deposit
SummaryOn December 4th, 2022, Sherlock was informed by M11 Credit that Orthogonal Trading would be unable to repay their loansSherlock currently has 5M USDC deposited into the non-permissioned USDC Maple pool managed by M11 CreditSherlock has been preliminarily advised that this pool will see ~20-25% recovery, meaning a loss of ~4M USDC for the Sherlock staking poolBased on the current ~11.5M USDC staking pool, Sherlock expects stakers to lose 33%-35% of capital due to this eventTimeline of E...
Sherlock Staking Guide
The goal of this guide is to provide relevant information for prospective Sherlock stakers.Note: “Staking” in Sherlock is synonymous with capital provision. Stakers deposit USDC into Sherlock’s smart contracts.Stakers take on the risk of payouts for protocols covered by Sherlock. Basically, protocol teams pay “premiums” to Sherlock in order to have the privilege to submit claims when a covered smart contract hack occurs in their protocol. In return for this risk, stakers earn APY in the form ...
Sherlock Staking Guide
The goal of this guide is to provide relevant information for prospective Sherlock stakers.Note: “Staking” in Sherlock is synonymous with capital provision. Stakers deposit USDC into Sherlock’s smart contracts.Stakers take on the risk of payouts for protocols covered by Sherlock. Basically, protocol teams pay “premiums” to Sherlock in order to have the privilege to submit claims when a covered smart contract hack occurs in their protocol. In return for this risk, stakers earn APY in the form ...
Sherlock 20% APY Round
Great news!! Sherlock has decided to make the September APY rewards even sweeter! If you staked as a part of the Double-Digit APY Round or if you stake before Sherlock’s staking pool hits $16M of TVL, then you’ll receive:10% USDC APY10% SHER APY (doubled since the Double-Digit APY Round!)But this is a VERY limited offer. Sherlock’s TVL is ~$11M currently and this offer only lasts while Sherlock’s pool is below $16M of TVL!Pool PerformanceThe staking rounds from March and April have been hugel...
Sherlock 20% APY Round
Great news!! Sherlock has decided to make the September APY rewards even sweeter! If you staked as a part of the Double-Digit APY Round or if you stake before Sherlock’s staking pool hits $16M of TVL, then you’ll receive:10% USDC APY10% SHER APY (doubled since the Double-Digit APY Round!)But this is a VERY limited offer. Sherlock’s TVL is ~$11M currently and this offer only lasts while Sherlock’s pool is below $16M of TVL!Pool PerformanceThe staking rounds from March and April have been hugel...
Double Digit Staking APY is Live!!
Sherlock is excited to announce that its 15% APY incentive program for stakers starts right now!! Sherlock is now targeting a 10% USDC APY with an extra 5% in SHER tokens, for a combined ~15% APY. Hurry though: the pool is capped at 25M USDC and there’s only ~4.5M USDC of capacity left!Note: The USDC APY in frontend may be slightly above or below 10% at any given time (as stakers enter and exit), but Sherlock will make sure to target a 10% USDC APY over the course of the 6 month staking perio...
Double Digit Staking APY is Live!!
Sherlock is excited to announce that its 15% APY incentive program for stakers starts right now!! Sherlock is now targeting a 10% USDC APY with an extra 5% in SHER tokens, for a combined ~15% APY. Hurry though: the pool is capped at 25M USDC and there’s only ~4.5M USDC of capacity left!Note: The USDC APY in frontend may be slightly above or below 10% at any given time (as stakers enter and exit), but Sherlock will make sure to target a 10% USDC APY over the course of the 6 month staking perio...
