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    Sierra Protocol

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    TL;DR

    The Sierra Protocol reimagines money by issuing SIERRA, a Liquid Yield Token (LYT) built to deliver the best user experience across CeFi and DeFi

    Dossier

    ## Overview Sierra Protocol is a decentralized finance platform operating on Avalanche that introduces SIERRA, a Liquid Yield Token (LYT) designed to bridge the gap between centralized finance (CeFi) and decentralized finance (DeFi) user experience. The protocol exists to solve a persistent problem in crypto: users who want yield exposure often face a choice between CeFi platforms offering higher returns but carrying custodial risk, or DeFi protocols offering transparency but with poor UX, complex interactions, and fragmented liquidity. SIERRA reimagines this tradeoff by enabling users to hold