Skip to content

Sherlock: Institutional Report

3 min readResearch

Sherlock: Institutional Report

Sherlock: Abbreviated Introduction

Decentralized Finance (DeFi) has snowballed over the past two years. With this rapid growth, there has also been a rise in exploits. Hence, some parties believe that exploit protection protocols are one of the fundamental building blocks of the DeFi ecosystem, and that better administration of smart contract security risks will unlock the value of DeFi at a grander scale. 

Sherlock’s mission is to make crypto safe for everyone, and it was created to bring a more accessible, safer, and more affordable user experience to DeFi. 

Sherlock is built on the Ethereum blockchain. The Project relies on security experts, either individuals or teams, who conduct audits that enable Sherlock to provide coverage for smart contracts of a protocol confidently. According to the project, it is the first and only smart contract auditor that provides up to $10 million of coverage behind every audit. 

SHER is Sherlock’s governance token which offers several utilities to the holders and has a finite supply.  

The Project is located in Miami, Florida, a region fast becoming one of the major hubs in the crypto space. The project has also introduced Sherlock DAO.

The project’s team has a strong technical and entrepreneurial background. Multiple investors also back the Project. 

The mainnet was launched last year, and it is also possible to engage in staking. Users can deposit USDC in a Sherlock staking pool for a fixed period, and a portion of the staked tokens is at risk of being liquidated if one of the protocols covered experiences an exploit. The Total Value Locked (TVL) currently is $20.2 million.

Want access to the full breadth of our institutional-grade reports? Join our community of institutions and investors leveraging our industry-leading intelligence to navigate the world of crypto.


This Report is for informational purposes only and/or all or any of its content thereof, should not, may not, and will not be taken to constitute, either as a whole or in part, any investment advice or recommendation or similar, regulated, or authorized advice, and D-Core by producing, disseminating, giving away, or making available this Report does not, should not, may not and will not be taken to advise on investments, or carry out any similar activity, or any regulated activity or any other authorized activity. D-Core is not authorized by the Financial Conduct Authority or by any other competent EU or elsewhere or otherwise competent authority to carry out any regulated activities and/or any activities within the scope of these authorities’ competence.

D-Core excludes and disclaims all liability and/or responsibility whatsoever and/or howsoever caused, arising out of any actions, or omissions taken, or made by any authorized and/or other recipient of this Report in reliance on, or arising out of, or in connection with any or all content of this Report. Any authorized and/or other recipient of this Report acknowledges, accepts and agrees that they carry out their own independent research and act in their own sole risk in reading or using any or all information contained in this Report. In any event, recipients of this Report are urged to seek professional advice before making any potential investment decision in relation to the project described herein. Any authorized and/or other recipient of this Report accepts this Disclaimer in full. For the avoidance of doubt, this Disclaimer is binding against any recipient of this Report whatsoever.


Subscribe to our newsletter now and get your blockchain guide for free!