Sherlock Overview
- What is Sherlock?
Sherlock is a sophisticated blockchain security audit service designed to protect DeFi applications by detecting vulnerabilities in smart contracts before they go live. It protects users from hacks and exploits using reviews by top security experts and smart contract coverage for a reliable crypto experience.
- Main Features
- Thorough security audit for smart contractsParticipate in audit contests and earn USDCPost-audit supportAudits backed by smart contract coverageTrustless claims process
- Blockchains
- Ethereum
Related Apps
Frequently asked questions
Audits backed by smart contract coverage are important because they provide a thorough security audit for protocols' smart contracts, making the crypto space safer. In the event of a hack, protocols covered by Sherlock's audits are eligible for up to $5 million in reimbursement, along with a $500,000 bug bounty for covered exploits.
The trustless claims process works by conducting payouts entirely through smart contracts. Sherlock, the platform facilitating the claims process, does not have the ability to block a claim from being paid out.
The bug bounty amount for covered exploits is $500,000, paid for by Sherlock.
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