TL;DR As a thank you to early supporters, Sherlock is adding roughly 3x more SHER token incentives to the positions of anyone who participated in the early March LP opportunity!!

If you missed the earlier LP opportunity, you may still have a chance to participate! Starting Wednesday, March 30th at 4pm UTC, new stakers will get the same increased staking incentives until the pool hits 10M USDC.

Thank you for your support!!

As you know, 90% of the capital you staked was reserved for the Sherlock staking pool, and will be returned in less than 6 months, plus APY minus payouts. For this capital, we’ve decided to guarantee a 15% USDC APY. Instead of a variable interest rate, it is now fixed at one of the most competitive USDC APYs in all of DeFi. Note: Exploits on covered protocols can still affect your principal.

And instead of receiving 1 SHER token for every 10 USDC, you’ll now receive 2 SHER tokens for every 10 USDC.

But wait there’s more! Because the other 10% of your capital was part of Sherlock’s operational raise, that capital will now be automatically included in Sherlock’s upcoming seed raise, and receive even more SHER tokens! This means for every 10 USDC committed to the Special Liquidity Event, you will likely receive 3 to 4 SHER tokens instead of 1, AND you’ll get that 15% fixed APY on the staked amount.

Here’s a model to better understand what you’ll now make on the staked funds (90% of total contribution). The other 10% is still up in the air as Sherlock’s seed raise is ongoing.

This Wednesday, March 30th at 4pm UTC, you’ll have a chance to participate in the same staking deal that the early adopters received.

This will only be for the staking side of the raise, so all of your capital is eligible to be returned at the end of 6 months.

Right now, there is ~$5.5M in the pool. On Wednesday, another ~$4.5M will be able to contribute at the same terms, until the pool reaches $10M in size.

Here’s the deal:

• 15% guaranteed APY on any amount you stake (up to $10M)

• 200k SHER tokens for every 1M USDC staked

Both reward streams will be unlocked after 6 months (at the same time that the USDC stake can be unlocked).

Here’s a model that outlines the APY and SHER tokens you’ll receive.

And you can participate at app.sherlock.xyz.

See you on Wednesday!!

TL;DR As a thank you to early supporters, Sherlock is adding roughly 3x more SHER token incentives to the positions of anyone who participated in the early March LP opportunity!!

If you missed the earlier LP opportunity, you may still have a chance to participate! Starting Wednesday, March 30th at 4pm UTC, new stakers will get the same increased staking incentives until the pool hits 10M USDC.

Thank you for your support!!

As you know, 90% of the capital you staked was reserved for the Sherlock staking pool, and will be returned in less than 6 months, plus APY minus payouts. For this capital, we’ve decided to guarantee a 15% USDC APY. Instead of a variable interest rate, it is now fixed at one of the most competitive USDC APYs in all of DeFi. Note: Exploits on covered protocols can still affect your principal.

And instead of receiving 1 SHER token for every 10 USDC, you’ll now receive 2 SHER tokens for every 10 USDC.

But wait there’s more! Because the other 10% of your capital was part of Sherlock’s operational raise, that capital will now be automatically included in Sherlock’s upcoming seed raise, and receive even more SHER tokens! This means for every 10 USDC committed to the Special Liquidity Event, you will likely receive 3 to 4 SHER tokens instead of 1, AND you’ll get that 15% fixed APY on the staked amount.

Here’s a model to better understand what you’ll now make on the staked funds (90% of total contribution). The other 10% is still up in the air as Sherlock’s seed raise is ongoing.

This Wednesday, March 30th at 4pm UTC, you’ll have a chance to participate in the same staking deal that the early adopters received.

This will only be for the staking side of the raise, so all of your capital is eligible to be returned at the end of 6 months.

Right now, there is ~$5.5M in the pool. On Wednesday, another ~$4.5M will be able to contribute at the same terms, until the pool reaches $10M in size.

Here’s the deal:

• 15% guaranteed APY on any amount you stake (up to $10M)

• 200k SHER tokens for every 1M USDC staked

Both reward streams will be unlocked after 6 months (at the same time that the USDC stake can be unlocked).

Here’s a model that outlines the APY and SHER tokens you’ll receive.

And you can participate at app.sherlock.xyz.

See you on Wednesday!!