About this episode
Mitchell Nicholson is the founder of Sierra Labs. The SIERRA Liquid Yield Token (LYT) is built to deliver the best user experience across DeFi, CeFi, and TradFi.
Why you should listen
Sierra Protocol is the issuer of SIERRA, a liquid yield token (LYT) that offers the best risk-adjusted yield in a freely tradeable ERC20 token on Ethereum and Avalanche. SIERRA enables holders to earn passively accrue 6-12% APY compounded daily and does not require staking or claiming, holding periods or lockups, paying hidden fees or providing KYC. Its reserves are managed by OpenTrade, an institutional-grade market leader offering stablecoin yield products and is backed by a16z, Circle, Mercury, Notion and other leading VC firms.
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