Coverage-Backed Smart Contract Audits

Coverage-Backed Smart Contract Audits

Sherlock

Service Overview

Sherlock provides smart contract audits with unique coverage backing up to $500k per codebase. This skin-in-the-game model aligns incentives between auditors and protocols, trusted by Aave and MakerDAO.

Core Service Components

Security Audits

Watson Network: Audits by top independent security researchers.

Comprehensive Review: Thorough code analysis.

Competition Format: Audit contests for broad coverage.

Coverage

$500k Backing: Up to $500k coverage on audited contracts.

White-Hat Coverage: Bounty payments for responsible disclosure.

Exploit Coverage: Payout for black-hat exploits.

Unique Model

• Real money at risk ensures thorough audits
• No other auditor offers this financial backing
• Staker funds at risk of slashing for missed bugs

Notable Clients

• Aave
• MakerDAO

Why Projects Need This Service

Aligned Incentives: Real money at risk.

$500k Coverage: Financial backing for audit quality.

Elite Researchers: Access to top Watson network.

Target Clients

• High-TVL DeFi protocols
• Projects seeking audit with coverage
• Protocols valuing aligned incentives

Firm Differentiators

$500k Coverage: Unique coverage backing.

Skin in the Game: Real financial alignment.

Aave & MakerDAO: Top DeFi protocol trust.

Decentralized Model: Network of independent researchers.