Sherlock is an audit marketplace and smart contracts coverage protocol built on the Ethereum blockchain, which covers protocols against smart contract hacks directly so users don’t need to worry.
Seed Round $4M
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What is Sherlock
Sherlock works to protect Decentralized Finance (DeFi) users from smart contract exploits with security reviews from top auditors backed by smart contract coverage on the audited contracts.
There are 3 main participants in the Sherlock ecosystem:
- Protocols come to Sherlock for audits from top independent security experts.
- Stakers deposit USDC into the staking pools in return for one of the highest USDC APYs (as of 6/18/22) in DeFi.
- Sherlock’s Watsons (the security experts) do a full audit of each prospective protocol's contracts and provide input as to the risk of the protocol's contracts.
SHER token is the governance token for the Sherlock protocol. The governance functions of the SHER token will increase over time as the protocol matures.
DetailsRaised: 4,000,000 USD
LegalBlockchain Platform: Ethereum
Registration year: 2022
Token infoTicker: SHER
Token standard: ERC-20