Mitchell Nicholson is the founding father of Sierra Labs. The SIERRA Liquid Yield Token (LYT) is constructed to ship one of the best consumer expertise throughout DeFi, CeFi, and TradFi.
Why it is best to hear
Sierra Protocol is the issuer of SIERRA, a liquid yield token (LYT) that gives one of the best risk-adjusted yield in a freely tradeable ERC20 token on Ethereum and Avalanche. SIERRA permits holders to earn passively accrue 6-12% APY compounded each day and doesn’t require staking or claiming, holding durations or lockups, paying hidden charges or offering KYC. Its reserves are managed by OpenTrade, an institutional-grade market chief providing stablecoin yield merchandise and is backed by a16z, Circle, Mercury, Notion and different main VC companies.
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