Sierra Protocol has launched SIERRA as an Omnichain Fungible Token (OFT) using LayerZero’s interoperability infrastructure. LayerZero is the leading interoperability protocol, connecting over 150 blockchains and supporting more than 600 applications across the ecosystem.

With this integration, SIERRA becomes one of the first Liquid Yield Tokens (LYTs) to move natively between Avalanche and Ethereum, eliminating reliance on wrapped assets and enabling cross-chain utility from day one. This launch paves the way for SIERRA to expand across every major DeFi ecosystem connected by LayerZero.

How Sierra Uses LayerZero & Stargate

With LayerZero, SIERRA can now extend its utility to Ethereum, enabling users to provide liquidity, participate in yield strategies, and access broader token utility. We minimize bridge risk through relying on the LayerZero OFT adapter infrastructure. Users can have confidence that SIERRA tokens on Avalanche are safely locked and corresponding mints on Ethereum are fully backed.

With this partnership, SIERRA holders can:

• Transfer SIERRA tokens from Avalanche to Ethereum using Stargate Finance at perfect 1:1 rate, without slippage

• Access SIERRA instantly on Ethereum by swapping directly on Uniswap or through DEX aggregators, as well as earning additional yield through providing liquidity to the SIERRA/USDC pool on Uniswap

Shortly after this announcement, SIERRA holders will also be able to borrow against their SIERRA on major Ethereum lending platforms like Morpho. 

Additionally, SIERRA holders will be able to lock in their yield or speculate on yield changes through the SIERRA market on Pendle. We anticipate other partnerships on Ethereum to be announced in the coming weeks.

Native On Every Chain

By integrating with LayerZero, Sierra takes a major step toward becoming a truly omnichain LYT. SIERRA holders can now seamlessly move their tokens beyond Avalanche to Ethereum, unlocking access to a wider range of DeFi opportunities while preserving the same transparency and reserve management strategy they trust.

“This partnership with LayerZero unlocks entirely new possibilities for SIERRA holders, enabling seamless cross-chain DeFi experiences and creating new use cases and forms of token utility. I’m excited to see the growing adoption of SIERRA and new partnerships unlocked through making SIERRA an OFT. This announcement represents a key step forward in expanding the Sierra Protocol and our work towards reimagining money.”- Mitchell Nicholson, Core Contributor at Sierra.

Conclusion 

The LayerZero integration represents the first step in Sierra’s cross-chain journey. We remain dedicated to enhancing SIERRA’s utility and expanding access to all major DeFi ecosystems. In the coming months, users can look forward to additional partnerships, new forms of utility, and innovative integrations across multiple blockchain networks.