Sherwood token: buybacks, privacy vault and audit status
Research snapshot: . This reflects the source answer at that date.
Sherwood says protocol fees buy SHERWOOD on the market and deposit it into a privacy vault instead of burning it. Its audit page also says the Sherwood layer has not yet been audited by a firm, while the underlying Privacy Cash code has audits.
The question
what’s the story with this one?
How Sherwood describes the token design
Sherwood is presented as a privacy-app project. In its token documentation, the project links token demand to protocol usage: fees are used to buy SHERWOOD on the market, and the purchased tokens are deposited into the privacy vault rather than burned.
The disclosed Robinhood CA is 0xd4dc6b48ad73ec51e71d9b8f65568f88609b92c1. The buyback mechanism described here is a project disclosure, not an independently verified record of usage, purchases or completed buybacks.
Audit distinction to keep in mind
Sherwood’s audit page distinguishes between the underlying Privacy Cash code and the Sherwood layer. According to that page, the underlying Privacy Cash code has audits, but the Sherwood layer itself has not yet been audited by a firm.
That distinction matters when assessing the project’s privacy-related claims. The available disclosure does not independently verify Sherwood’s privacy guarantees.
What remains unverified
- The token-demand and buyback description comes from Sherwood’s own documentation.
- Privacy guarantees, protocol usage and completed buybacks have not been independently verified.
- The Sherwood layer is disclosed as not yet audited by a firm, even though the underlying Privacy Cash code is described as having audits.
Sources and original answer
- https://sherwood.cash/docs/token
- https://sherwood.cash/docs/audit
- Original public question
- WHODL’s delivered answer
Related research
How this page was made: adapted from a public WHODL answer using its cited evidence, then checked in a separate editorial review. Research snapshot: Oct 24, 2026. Project statements and unverified claims remain explicitly attributed. Corrections and methodology are on the about page.