Sherlock has consistently demonstrated exceptional technical capability, capacity, and
resources, making us a trusted choice for smart contract security. Our approach and results
speak to our ability to meet and exceed the requirements outlined in the Statement of
Requirements, and our platform model allows us to scale capacity up to meet any level of
demand.

Sherlock's audit contests are distinguished by their quality and comprehensive nature. Our
proprietary “best of both worlds” approach combines the focus, collaboration, and assurance of
a traditional audit with the extensive participation of security experts from an audit contest. This
method has proven significantly more effective in identifying vulnerabilities quickly and
thoroughly compared to traditional audits.

Smart contract audits remain one of the primary barriers to entry for high-quality builders in the space today. Sherlock plans to utilize this grant to help subsidize the cost of our uniquely effective smart contract audit contests for builders on Arbitrum, directly improving the Arbitrum ecosystem by fostering a more robust developer ecosystem and attracting incremental users and TVL.

Sherlock is also one of only a handful of applicants to Arbitrum's recent ADPC proposal to whitelist security providers for the DAO.