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Sherlock · claims & disputes

Claims &
payouts

What we know about how Sherlock handles disputes and claims, from provider documentation and public reporting. Unlike Nexus Mutual, there is no on-chain claims database we can read here: this is process and track record, not a live ledger.

Who decides on claims Provider claim

Disputes run through a three-tier system: first a Sherlock Bounty Judge (core team member), then the Sherlock Protocol Claims Committee (7 members, enforced as a 4-of-7 multisig, one week to decide), and finally the UMA Optimistic Oracle, where tens of thousands of UMA tokenholders vote. The top tier is genuinely independent of Sherlock, but reaching it costs roughly $15k. The first two tiers are Sherlock-internal or Sherlock-appointed.

Track record: in April 2023 Sherlock paid a $4.5M claim to Euler after the $200M exploit, under the old staking-pool model. Press reporting at the time (DL News) put the drawdown at roughly 90% of Sherlock reserves.

Caution: there is no public claims database and no published acceptance rate. The claims history consists essentially of a single large, well-documented case under a model that no longer exists in that form.

Text above is drawn from Sherlock's own documentation and public reporting, not from an on-chain database. Analysis as of 2026-07-16.

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