Sierra Protocol Launches First-Ever Liquid Yield Token (LYT) on Avalanche Powered by OpenTrade
The post Sierra Protocol Launches First-Ever Liquid Yield Token (LYT) on Avalanche Powered by OpenTrade appeared on BitcoinEthereumNews.com.
As soon as a user purchases SIERRA, yield starts to accumulate instantly. In contrast to many other LYTs, there are no hidden fees, lockups, minimums, or staking restrictions to earn yield. By managing processes for each of Sierra’s yield sources via a single protocol, the OpenTrade platform is able to abstract the complexity of the operational process. SIERRA, a brand new Liquid Yield Token (LYT) that is the first of its type, has been launched on the Avalanche network, according to an announcement made by Sierra Protocol. In the Sierra web app or on LFJ (previously Trader Joe), the biggest decentralized exchange on Avalanche, users may now gain permissionless access to SIERRA tokens by exchanging USDC directly with any wallet of their choosing. This allows users can acquire access to SIERRA tokens without any restrictions. As soon as a user purchases SIERRA, yield starts to accumulate instantly. In contrast to many other LYTs, there are no hidden fees, lockups, minimums, or staking restrictions to earn yield. Since LYTs are not directly pegged to the United States Dollar or any other fiat currency, they differ from yield-bearing stablecoins. LYTs, on the other hand, are supported by stablecoin reserves, which result in yield that is distributed to holders of LYT. SIERRA is the only company to have a diverse portfolio of yield producing reserves that includes both investment-grade RWAs and blue-chip DeFi protocols. This is an innovation that SIERRA brings to the table in comparison to other LYTs. According to Sierra’s Risk Framework, the portfolio of reserves that support SIERRA is constantly rebalanced in response to shifting market circumstances. This is done in order to reflect the reality of the situation. Using the website, a CSV download, or the API, users are provided with free access to extensive data that may assist them in making…
Filed under: News - @ November 12, 2025 9:34 pm