SIERRA Is Money,
Reimagined.

SIERRA holders experience a new form of money that is universally accessible, self-custodial, transparent, and growing in value through intrinsic yield.

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Current APY
4.07%

SIERRA holders currently earn 4.07% APY through the Sierra protocol's dynamically managed portfolio of yield-generating investments into Real World Assets (RWAs) and DeFi protocols.

View live on the Transparency Dashboard

Investment Grade Yield. Permissionlessly Accessible.

SIERRA Is Transparent.

SIERRA's Transparency Dashboard provides real-time, industry-leading insight into key details and metrics for SIERRA.

Open the Transparency Dashboard

SIERRA Is Liquid.

SIERRA has liquid secondary markets on DEXes across Ethereum and Avalanche, and soon on CEXes, enabling users to seamlessly buy and sell. Institutional market makers mint and redeem directly with the Sierra Protocol.

Trade SIERRA

SIERRA Is Accessible.

Anyone, anywhere in the world can buy SIERRA seamlessly, without KYC, access to banking, or a minimum purchase.

Read the docs

The Industry's Highest Quality Yield.

SIERRA is backed by a dynamically managed, diversified reserve of institutional Real World Assets and blue-chip DeFi, designed to deliver the strongest risk-adjusted yield onchain while maintaining 24/7 redemption capacity.

View Live Reserves
Target Reserve Composition
PGIM PAAA CLO ETFInvestment Grade CLOs
25%
Managed Commercial PaperIG CP · <90d
25%
PIMCO MINT ETFIG ABS/MBS
25%
TradeFlow USD FundTrade Receivables
10%
Morpho USDC VaultDeFi Lending
10%
Liquid BufferUSDC · Cash
5%

Buy Permissionlessly. Or Mint Directly.

Buy On A DEX.

Liquid secondary markets on Ethereum and Avalanche, with CEX listings on the way. Institutional market makers keep the price tight to NAV around the clock.

  • No KYC, no banking access required, no minimum
  • Fully self-custodial, your wallet, your tokens
  • Bridge between chains via Stargate (LayerZero OFT)
Launch App

Mint & Redeem.

Institutions and market makers can mint and redeem SIERRA directly with the protocol at NAV as KYB-verified Authorized Participants.

  • Create and redeem at NAV, ETF-style primary mechanics
  • KYB onboarding with continuous Chainalysis screening
  • Mint on Avalanche; distribute cross-chain via OFT
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SIERRA Is The Flagship LYT Issued On Sierra Protocol.

The same enterprise issuance stack behind SIERRA, bankruptcy-remote legal structure, Fireblocks MPC custody, RedStone NAV oracle, cross-chain OFT, is available to partners issuing their own LYTs.

Explore The Protocol
Important risk notice

Vault tokens and Liquid Yield Tokens issued through Sierra Protocol are not regulated financial products, and users should not expect any protections under banking, securities, or consumer protection laws in any jurisdiction.

The vault tokens and Liquid Yield Tokens are cryptoassets that are not issued by a central bank, should not be considered legal tender and do not represent a claim on deposits at a regulated financial institution. Users should understand that:

  • Sierra Protocol is not subject to formal regulatory oversight;
  • There are no government guarantees or investor safeguards; and
  • Redemption, collateral management, and price stability rely entirely on the mechanisms underlying in the protocol and its governance.

Participants should exercise independent judgment and conduct their own due diligence before using the Sierra Protocol, especially in jurisdictions where regulatory treatment of cryptoassets is uncertain or evolving.

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Questions About SIERRA?

Mint & redeem enquiries, partnerships, marketing & press, or anything else, share your details and the team will be in touch shortly.

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