Pinned
Our second market is live on @pendle_fi
It currently has nearly 12% fixed yields on PTs and 8% yield for liquidity providers
In addition, we've allocated at least 10,500,000 Peaks for YT holders!
Read below to learn more👇
Sierra
846 posts
Sierra
@SierraIsMoney
Reimagining money with SIERRA
- 1/ We are proud to announce the launch of $SIERRA, the first dynamically-rebalanced Liquid Yield Token (LYT) on @avax powered by @opentrade_io This thread explains how $SIERRA works and what makes it differs from existing LYTs
00:00 - Excited to launch on @avax and bring dynamically rebalanced yield to the next generation of digital financeRWAs continue to grow on Avalanche. Introducing @SierraIsMoney, powered by @opentrade_io, combining real-world assets and DeFi infrastructure into one transparent onchain framework🧵:
- Our integration with @LFJ_gg enhances liquidity and unlocks new ways for users to earn and participate in the Sierra ecosystemSIERRA is LIVE on LFJ. Avalanche's first dynamically rebalanced Liquid Yield Token is officially live. Built by @SierraIsMoney and powered by @opentrade_io, $SIERRA delivers passive yield through a diversified portfolio backed by investment-grade RWAs and blue-chip DeFi
- What is a Liquid Yield Token (LYT) and why do LYTs represent an exciting new type of asset in the crypto industry 🧵👇
00:00 - We’re thrilled to have @__kfm__ become a Core Contributor to Sierra Protocol as we gear up to share our vision of money reimagined.Some personal news: I am excited to share that I am joining @WR_Crypto as a core contributor to @SierraIsMoney. Beginning with our flagship SIERRA LYT, we are building the most accessible and transparent way to tap into onchain yield sources in the industry:
- Replying to @SierraIsMoney @LFJ_gg and @avax
- Replying to @SierraIsMoneySo to summarize, LYTs are fully backed by stablecoin-denominated reserves but are not pegged to a fiat currency like stablecoins Instead, their price fluctuates based on the value of the assets backing their reserves, secondary market liquidity and redemption mechanisms
- Replying to @SierraIsMoneyHere’s how it works in practice: - Eligible users mint LYTs with stablecoins like USDC & USDT - The protocol deploys the stablecoin reserves into yield-generating strategies across DeFi & RWAs - LYT holders get the yield generated by the underlying reserves
