Institutional-grade yield vaults, now permissionlessly accessible.
Permissionless onchain access to the world’s highest quality financial assets - ready to integrate, or tailor to your requirements.
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GLOBALLY ACCESSIBLE YIELD
Trusted by institutions around the world.
Companies and platforms use Sierra Protocol to launch high quality, trusted RWA-backed vaults. Provide non-custodial yield for both users and treasury. Offchain assets are held in custody with the protections, counterparties and structures that institutions already know and trust.
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HIGHER STANDARDS, BETTER ASSETS
Unlock access to the industry’s widest range of public and private institutional RWAs.
Access real-world-asset yield sources most platforms can’t reach. Sierra Protocol vaults give you open, non-custodial access to high-quality products from 60+ financial institutional around the world, alongside the bluechip onchain yield sources you want to include.
All you need to access Sierra Protocol vaults is a wallet and stablecoins balance. There’s no onboarding process, no minimum deposit and no bank account required. Your tokens stay in your own wallet, where you can transfer them, bridge them or use them as collateral across DeFi.
Access traditional capital markets onchain. Sierra Protocol brings offchain capital markets onchain, giving you the openness and efficiency of stablecoins with the depth and breadth of traditional financial markets. That means yield can scale as you do and earn from the real economy, while your capital moves at stablecoin speed, 24/7, to any wallet in the world.
Access a range of pre-built vaults to start earning quickly, or design a bespoke vault to meet your exact yield, risk, and liquidity specifications.
Simply integrate the Sierra Protocol contracts and let us handle the rest.
SELECT YOUR VAULT
Yield vaults backed by real world assets and DeFi strategies.
Pick the vault according to risk appetite. Access high quality RWA assets or leverage DeFi strategies for differentiated risk profiles.
For more control, launch a custom vault around your own strategy, with input over the assets backing it. Same infrastructure, your rules.
SIERRA
Fidelity Institutional Liquidity USD Fund, Morpho USDC - Base, Prudential PAAA CLO ETF, TradeFlow Institutional Trade Finance, FalconX Institutional Credit, OpenTrade Stablecoin Staking + Basis, Investment Grade Commercial Paper
SPLUS
Mortgage Backed Securities, Collateralized Loan Obligations, Money Market Funds, Commercial Paper
Need a vault custom-built?
We work with partners to design and deploy fully custom vaults built around your specific yield, risk, and liquidity requirements.
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FAQs
Questions, answered.
A stablecoin yield vault is a smart-contract that enables holders to generate yield on their balances. Each vault has a set list of eligible collateral, currency, risk profile, and liquidity terms, so you can pick the one that fits your use case or configure your own.
Each Sierra Protocol Vault is backed by a portfolio of high-quality assets, from money market funds and short-term treasuries to bond ETFs and curated on-chain strategies, depending on the vault. Balances earn yield tied to those underlying assets. Rates are variable and subject to market conditions, and past performance should not be taken as indicative of future results.
- Sierra Protocol vaults are designed to unlock universal access to the world’s best assets. Sierra Protocol vaults can be accessed permissionlessly by anyone with stablecoins and a wallet, and Sierra Protocol vault tokens are freely transferrable and composable across DeFi. For partners with more specific risk requirements, Vault access can be limited to Authorized Participants or only whitelisted addresses.
- Sierra Protocol is not available to persons or entities located in the United States, the United Kingdom or any jurisdiction subject to comprehensive sanctions administered by the U.S. Office of Foreign Assets Control (OFAC). This includes citizens, residents, companies, partnerships, or other business entities operating in or subject to the laws of these regions.
- Access to Sierra Protocol vaults is further restricted in any territory where the offering, holding, or use of such digital assets is prohibited or materially restricted by law. The protocol is designed to comply with applicable international standards and explicitly excludes participants from jurisdictions where legal, regulatory, or sanctions-related constraints apply.
Onchain vault protocols have unlocked yield on stablecoin balances but most still depend on crypto markets, so yields are volatile and limited by borrowing demand, capacity, uneven curation, thin access to traditional assets and fixed liquidity terms. Sierra Protocol has been built from the ground up to be fundamentally different. Sierra Protocol abstracts the complex back-end operations, handles the deployment & tokenization, empowers curation and unlocks distribution. Benefit from the entire permissionless yield stack through one single protocol.
No. Sierra vaults are not bank accounts, savings products or deposits. They are not covered by FDIC or any other deposit insurance or government protection scheme. Nothing from Sierra, its contributors or its service providers is investment, legal or tax advice.
Laws and regulations for digital assets are changing and differ by country. New rules or enforcement could restrict, change or end Sierra or particular vaults, and could affect your ability to use them.
Sierra is not available to [persons in restricted jurisdictions]. You are responsible for complying with the laws that apply to you, including tax. Before depositing, review the vault’s strategy, settings, role holders and fees, and keep track of changes to them.