Sherlock protocol
Overview
Sherlock is an Ethereum-based Web3 security protocol combining an audit marketplace (public audit contests) with smart-contract coverage that protects protocols against exploits. Underwriters stake USDC to back coverage and earn premiums plus SHER incentive rewards, while covered protocols pay an annual premium on TVL. SHER is the protocol's governance token.
Within the DeFi Intel graph, Sherlock connects to 2 tracked entities, most strongly to Ethereum, Nexus Mutual.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 85% |
competes_with | Nexus Mutual | 75% |
Frequently asked questions
What is Sherlock?
Sherlock is a decentralized insurance protocol for DeFi, covering losses from smart contract exploits or bugs.
How does Sherlock's staking model work?
Stakers deposit tokens into pools to underwrite policies and earn premiums, but may lose stake if claims are paid out.
How are claims assessed on Sherlock?
Claims are evaluated by a decentralized group of claim assessors, who vote on validity using the protocol's token.
What is Sherlock connected to?
In the DeFi Intel knowledge graph, Sherlock is linked to 2 other tracked entities, most strongly to Ethereum, Nexus Mutual.
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