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 ...

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 is excited to announce its latest audit of Hook Protocol, and will support their launch on mainnet by providing Hook users with up to $10M of smart contract coverage. This coverage will provide recourse for Hook Protocol users who write covered calls on their NFTs. Sherlock is a risk management platform built to help protect crypto end-users by uniquely aligning incentives with protocol teams by auditing their smart contracts and providing recourse through smart contract and bug boun...

Sherlock is excited to announce its latest audit of Hook Protocol, and will support their launch on mainnet by providing Hook users with up to $10M of smart contract coverage. This coverage will provide recourse for Hook Protocol users who write covered calls on their NFTs. Sherlock is a risk management platform built to help protect crypto end-users by uniquely aligning incentives with protocol teams by auditing their smart contracts and providing recourse through smart contract and bug boun...

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...

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...

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...

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 is excited to announce its 15% APY incentive program for stakers! Starting September 1st, 2022, Sherlock will offer a 10% USDC APY with an extra 5% in SHER tokens, for a combined 15% APY! The staking rounds from March and April have been hugely successful, and Sherlock has decided to keep the momentum going. If the performance of the Sherlock’s March and April staking pools continue as they have so far with no payouts, then each staker from those rounds will earn a ~37% APY!!! Most o...

Sherlock is excited to announce its 15% APY incentive program for stakers! Starting September 1st, 2022, Sherlock will offer a 10% USDC APY with an extra 5% in SHER tokens, for a combined 15% APY! The staking rounds from March and April have been hugely successful, and Sherlock has decided to keep the momentum going. If the performance of the Sherlock’s March and April staking pools continue as they have so far with no payouts, then each staker from those rounds will earn a ~37% APY!!! Most o...

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...

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...

This is the quick start guide for security experts interested in competing for $50k+ prize pools in Sherlock’s next-generation audit model.For the full details, check out the Audit section of the Sherlock docs.Good news: If you’ve competed in Code Arena in the past, this experience will be quite familiar. However, there are some differences:Only Medium and High severity bugs are rewardedThe top 10% on Sherlock’s leaderboard are eligible to be Lead Senior Watsons with $10k guaranteed pay per a...

This is the quick start guide for security experts interested in competing for $50k+ prize pools in Sherlock’s next-generation audit model.For the full details, check out the Audit section of the Sherlock docs.Good news: If you’ve competed in Code Arena in the past, this experience will be quite familiar. However, there are some differences:Only Medium and High severity bugs are rewardedThe top 10% on Sherlock’s leaderboard are eligible to be Lead Senior Watsons with $10k guaranteed pay per a...

Sherlock is excited to announce its long-awaited partnership with Lyra to write $10M of smart contract coverage directly behind Sherlock’s audit of Lyra’s latest Avalon release. This coverage will provide recourse for users of Lyra’s Avalon platform based on their pro-rata share of Lyra’s TVL. Sherlock is a risk management platform built to help protect crypto end-users by uniquely aligning incentives with protocol teams by auditing their smart contracts and providing recourse through smart c...

Sherlock is excited to announce its long-awaited partnership with Lyra to write $10M of smart contract coverage directly behind Sherlock’s audit of Lyra’s latest Avalon release. This coverage will provide recourse for users of Lyra’s Avalon platform based on their pro-rata share of Lyra’s TVL. Sherlock is a risk management platform built to help protect crypto end-users by uniquely aligning incentives with protocol teams by auditing their smart contracts and providing recourse through smart c...

Sherlock is thrilled to announce the launch of our new auditing platform! Sherlock is officially rejecting the legacy audit model where 2-3 auditors look at a codebase for a few weeks. In its place, Sherlock is pioneering a brand new approach to audits, which looks like a hybrid between a Capture-The-Flag (CTF) competition and a legacy audit. We’ve just gone live with our first audit using the new approach today, partnering with Sentiment to secure their codebase:What Does Auditing Have to Do...

Sherlock is thrilled to announce the launch of our new auditing platform! Sherlock is officially rejecting the legacy audit model where 2-3 auditors look at a codebase for a few weeks. In its place, Sherlock is pioneering a brand new approach to audits, which looks like a hybrid between a Capture-The-Flag (CTF) competition and a legacy audit. We’ve just gone live with our first audit using the new approach today, partnering with Sentiment to secure their codebase:What Does Auditing Have to Do...

**TL;DR We’ve heard from a ton of community members that they missed the Early Adopters LP Round last week, so we are re-opening it on Thursday! Same 3x multiplier on SHER incentives vs. the early March round. This is the last opportunity for rewards at this level before incentives must decrease. There is a hard cap at $20M of staker capital. See you Thursday, April 7th at 4pm UTC!!**For New StakersThis Thursday, April 7th at 4pm UTC, you’ll have a chance to participate in the same staking de...

**TL;DR We’ve heard from a ton of community members that they missed the Early Adopters LP Round last week, so we are re-opening it on Thursday! Same 3x multiplier on SHER incentives vs. the early March round. This is the last opportunity for rewards at this level before incentives must decrease. There is a hard cap at $20M of staker capital. See you Thursday, April 7th at 4pm UTC!!**For New StakersThis Thursday, April 7th at 4pm UTC, you’ll have a chance to participate in the same staking de...

Sherlock is excited to announce its latest collaboration with LiquiFi to write $10M of smart contract coverage directly behind Sherlock’s audit. This coverage will provide recourse for LiquiFi’s end users up to their pro-rata share of LiquiFi’s TVL. Sherlock is a risk management platform built to help protect crypto end users by uniquely aligning incentives with protocol teams by auditing their smart contracts and providing recourse through smart contract and bug bounty coverage in the event ...

Sherlock is excited to announce its latest collaboration with LiquiFi to write $10M of smart contract coverage directly behind Sherlock’s audit. This coverage will provide recourse for LiquiFi’s end users up to their pro-rata share of LiquiFi’s TVL. Sherlock is a risk management platform built to help protect crypto end users by uniquely aligning incentives with protocol teams by auditing their smart contracts and providing recourse through smart contract and bug bounty coverage in the event ...

Sherlock Yield Strategy Bug Bounty Post-MortemNOTE FOR SHERLOCK LIQUIDITY PROVIDERS: This type of bug bounty payout does not impact any of the staking pool, and all staked funds used for Sherlock coverage remain unaffected.OverviewOn July 14th, 2022, GothicShanon89238 reported an issue to Sherlock through Immunefi concerning Sherlock's yield strategy integration with Euler. The issue has since been fixed.No funds were immediately at risk, but the issue could eventually have resulted in a...

Sherlock Yield Strategy Bug Bounty Post-MortemNOTE FOR SHERLOCK LIQUIDITY PROVIDERS: This type of bug bounty payout does not impact any of the staking pool, and all staked funds used for Sherlock coverage remain unaffected.OverviewOn July 14th, 2022, GothicShanon89238 reported an issue to Sherlock through Immunefi concerning Sherlock's yield strategy integration with Euler. The issue has since been fixed.No funds were immediately at risk, but the issue could eventually have resulted in a...