Sierra OpenTrade Prime Plus Yield

SPLUS

Sierra Protocol has launched SPLUS, designed for stable, predictable returns for fintechs, neobanks and treasury managers. SPLUS is exclusively backed by OpenTrade’s Prime+ vault, which provides holders with exposure to a high quality portfolio of RWAs including Mortgage Backed Securities, Collateralized Loan Obligations, Money Market Funds and Commercial Paper. By holding SPLUS, users passively earn yield, compounded daily without any lock-ups, hidden fees, or requirements to stake or claim rewards. The token can be used for Treasury management, powering Earn programs, passively earning yield on your stablecoin balances, collateral on lending markets. In the future, Sierra will issue more tokens backed by unique combinations of DeFi and RWA yield sources.