Sherlock Review

Launched in 2021, Sherlock is a DeFi protocol that prioritizes protecting users from vulnerabilities in smart contracts. With a fresh approach to security, Sherlock provides a collaborative model where capital providers work with security experts to help prevent potential risks. The platform received $1.5 million in early funding from notable backers like IDEO CoLab Ventures, with a follow-up round of $4 million led by Archetype, CoinFund, and Spartan Group in 2022. Sherlock's goal is simple: to build trust and safety for users across the decentralized finance space.

$659 052

N/A

Promo bonus

No bonus for now

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Sherlock offers

USDC

18.46%

Status

Available

Flexible

$279 043

Ethereum

Coin

Action

USDC

18.46%

Flexible

$279 043

Ethereum

Crypto earn alerts on Sherlock

Criffy provides an ideal way to stay on top of earning programs across protocols and dApps. For Sherlock, you can easily track new earning opportunities, monitor APY changes for specific offers, and receive notifications when you can start earning interest on a particular cryptocurrency. Setting up an alert helps you stay informed about the best earning opportunities on Sherlock.

Earning crypto on Sherlock

Protocols and dApps offer various options to earn crypto, like lending or participating in liquidity pools. With Criffy, you can easily track five different earning options from Sherlock. Check the table above for all the details.

Current TVL of the Sherlock protocol

The Sherlock protocol's Total Value Locked (TVL) is currently $659 052. TVL is a helpful metric in DeFi, showing the total assets users have deposited into a protocol’s smart contracts. It gives a snapshot of liquidity and the level of trust from the community, helping to show how much value a platform like Sherlock is holding.

Sherlock protocol type

Sherlock is a decentralized insurance service that helps protect users’ assets in the blockchain space. Through automated smart contracts, it makes the process of securing coverage simple and reliable, giving users peace of mind against risks like hacks or contract issues. Within the DeFi insurance space, Sherlock offers coverage pools where users can stake funds, earn rewards, and support a more secure environment for everyone.

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