Ask about Sierra Protocol · freeTotal Value Locked$43.55m
TVL by Chain
Avalanche$25.49m
Ethereum$12.04m
Plume Mainnet$6.03m
Key Metrics
Fees 30d$5,092
Fees 30d by chain
Avalanche$5,092
Fees 7d$1,194
Avalanche$1,194
Fees 24h$172
Avalanche$172
Cumulative Fees$587,838
Avalanche$611,227
Revenue 30d$0
Revenue 30d by chain
Avalanche$0
Revenue 7d$0
Avalanche$0
Revenue 24h$0
Avalanche$0
Cumulative Revenue$0
Avalanche$0
Market Cap$0
$SIERRA Price$1.04
Fully Diluted Valuation$71.08m
$SIERRA Volume 24h$5.35
CEX Volume$0
DEX Volume$5.35(100% of total)
Protocol Information
The Sierra Protocol reimagines money by issuing SIERRA, a Liquid Yield Token (LYT) built to deliver the best user experience across CeFi and DeFi
Audits:
Methodology
TVL: TVL includes USDC held in the reserve wallets and assets staked in OpenTrade vaults backing SIERRA tokens, summed across all supported chains.View code on GitHubFees: Total yield distributed to SIERRA holders, measured as total supply × change in exchange rate.View code on GitHubRevenue: Sierra Protocol does not currently retain any protocol revenue, all yield passes through to holders.View code on GitHubCompetitors
Sierra Protocol history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 3, 2026 to Oct 27, 2026.
All-time high TVL: $48.31m on Aug 6, 2026. All-time low TVL: $3.74m on Feb 11, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $44.89m |
| Sep 29, 2026 | $44.91m |
| Sep 30, 2026 | $44.9m |
| Oct 1, 2026 | $44.03m |
| Oct 2, 2026 | $44.05m |
| Oct 3, 2026 | $44.05m |
| Oct 4, 2026 | $44.06m |
| Oct 5, 2026 | $44.24m |
| Oct 6, 2026 | $44.26m |
| Oct 7, 2026 | $44.26m |
| Oct 8, 2026 | $44.26m |
| Oct 9, 2026 | $43.98m |
| Oct 10, 2026 | $43.99m |
| Oct 11, 2026 | $43.99m |
| Oct 12, 2026 | $44m |
| Oct 13, 2026 | $44.01m |
| Oct 14, 2026 | $43.86m |
| Oct 15, 2026 | $43.86m |
| Oct 16, 2026 | $43.78m |
| Oct 17, 2026 | $43.81m |
| Oct 18, 2026 | $43.81m |
| Oct 19, 2026 | $43.81m |
| Oct 20, 2026 | $44.86m |
| Oct 21, 2026 | $44.86m |
| Oct 22, 2026 | $44.86m |
| Oct 23, 2026 | $43.67m |
| Oct 24, 2026 | $43.64m |
| Oct 25, 2026 | $43.64m |
| Oct 26, 2026 | $43.65m |
| Oct 27, 2026 | $43.65m |
TVL at each month end, Feb 2026 to Oct 2026
| Date | TVL |
|---|---|
| Feb 28, 2026 | $3.84m |
| Mar 31, 2026 | $20.75m |
| Apr 30, 2026 | $28.31m |
| May 31, 2026 | $34.19m |
| Jun 30, 2026 | $40.23m |
| Jul 31, 2026 | $37.74m |
| Aug 31, 2026 | $45.08m |
| Sep 30, 2026 | $44.9m |
| Oct 27, 2026 (latest) | $43.65m |
Fees and revenue by UTC calendar month, Oct 2025 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Oct 2025 | -$8.29 | $0 |
| Nov 2025 | $1,737 | $0 |
| Dec 2025 | $4,242 | $0 |
| Jan 2026 | $8,156 | $0 |
| Feb 2026 | $11,213 | $0 |
| Mar 2026 | $34,112 | $0 |
| Apr 2026 | $70,999 | $0 |
| May 2026 | $102,504 | $0 |
| Jun 2026 | $106,726 | $0 |
| Jul 2026 | $144,362 | $0 |
| Aug 2026 | $96,178 | $0 |
| Sep 2026 | $3,201 | $0 |
| Oct 2026 (to date) | $4,587 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/sierra-protocol
Frequently asked questions
What is Sierra Protocol's TVL?
As of Oct 27, 2026, Sierra Protocol has $43.55m in total value locked. TVL has decreased 3% over the past 30 days.
What chains does Sierra Protocol operate on?
Sierra Protocol operates on 3 chains: Avalanche, Ethereum, and Plume Mainnet. Avalanche holds the largest share at 58.5%.
How much has Sierra Protocol generated in fees and revenue?
Over the past 30 days, Sierra Protocol generated $5,092 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $587,848 in fees.
What is the SIERRA token price and valuation?
SIERRA is currently trading at $1.04. Its circulating market capitalization is $0, ranking it #19,527. Its fully diluted valuation is $71.08m. Supply currently stands at 0 circulating, 68.56m total supply.
How has SIERRA performed recently?
SIERRA is down 0.1% over the past 7 days and up 0.4% over the past 30 days. Its all-time high is $1.20, reached on Nov 13, 2025. The token is currently 13.6% below that level.
How does Sierra Protocol's TVL compare to similar protocols?
Among Yield protocols tracked by DefiLlama, Sierra Protocol ranks #14 by TVL. The category holds $4.615b across 570 protocols, and Sierra Protocol accounts for 0.9% of that total. Similar protocols include Spark Savings, Pendle V2, Stake DAO Yield, Royco V2, Spectra V2, Aura, Sushi BentoBox, Gro, TermFinance Vaults, and Royco V1.