what's Sierra Protocol?
Sierra Protocol issues SIERRA, a Liquid Yield Token (LYT) designed to reimagine money as a universally accessible, transparent asset that grows in value over time. SIERRA accrues yield from a diversified basket of investment-grade Real World Assets (RWAs) and blue-chip DeFi protocols. Holders simply keep SIERRA in their wallet to benefit from automatic price appreciation every 15 minutes, with no need for staking, claiming, rebasing, or lockups. Cross-chain functionality via LayerZero enables seamless transfers between Ethereum and Avalanche, supporting liquidity provision on platforms like Uniswap and LFJ.
Sierra Protocol is a weekly fastest-growing DeFi on Avalanche with $1M+ TVL, per DefiLlama.
Ranked among the fastest-growing DeFi protocols on a weekly basis with at least $1M TVL on Avalanche, according to DefiLlama data.
Launched a new market on Pendle for SIERRA tokens, enabling fixed yields on SIERRA principal tokens (PTs) and upcoming looping strategies.
Runs a campaign with Layer3 featuring a $5,000 reward pool for eligible participants who hold their SIERRA position, with qualification period ending on 2026-03-18.
Integration with Stargate goes live, allowing token movement between Avalanche and Ethereum with zero slippage at 1:1 rate.
Partnership with Flowdesk announced to improve secondary market liquidity for the token.
A $SIERRA/USDC liquidity pool on LFJ offers yield farming rewards for 16 weeks.