> For the complete documentation index, see [llms.txt](https://docs.opentrade.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.opentrade.io/stablecoin-yield-vaults/stablecoin-yield-vaults/sierra-lp-strategy-vault.md).

# Sierra LP Strategy Vault

Addressing the Demand for High-Yield, Accessible and Managed DeFi Yield Strategies.

## Summary 

The vault generates yield from a diversified portfolio of SIERRA ecosystem strategies including direct token holdings, concentrated liquidity provision on leading DEXs, and fixed-rate and LP positions on Pendle without requiring active management or deep DeFi expertise. 

This multi-strategy approach provides attractive risk-adjusted returns while maintaining professional management and regular rebalancing across Avalanche and Ethereum networks.

<table><thead><tr><th width="255">Vault</th><th width="475">Details</th></tr></thead><tbody><tr><td><strong>Vault Name</strong></td><td>Sierra LP Strategy Vault</td></tr><tr><td><strong>Token Symbol</strong></td><td>XSLP</td></tr><tr><td><strong>Base Currency</strong></td><td>USDC</td></tr><tr><td><strong>Loan Term (number of days)</strong></td><td>Open-ended</td></tr><tr><td><strong>Interest Accrual</strong></td><td>Interest begins accruing immediately and compounds daily.</td></tr><tr><td><strong>Investments</strong></td><td>Invest anytime, <a href="/stablecoin-yield-vaults/product-overview/vault-tokens.md">vault tokens</a> minted immediately </td></tr><tr><td><strong>Withdrawals</strong> </td><td>Request anytime; T+0/1 if made before the cut-off time of 18:00 GMT, up to a maximum of T+3</td></tr><tr><td><strong>Legal Structure</strong></td><td>Leverages the same institutional grade <a href="/stablecoin-yield-vaults/product-overview/legal.md">legal framework</a>, <a href="/stablecoin-yield-vaults/product-overview/legal/bankruptcy-remote-structure.md">bankruptcy remote structure</a>, and <a href="/stablecoin-yield-vaults/product-overview/key-parties.md">regulated service providers and counter-parties</a> as our other OpenTrade Treasury Management &#x26; Yield Product. </td></tr></tbody></table>

## Eligible Collateral

<table><thead><tr><th width="334.529541015625">Type</th><th width="216.9947509765625">Rating (if applicable)</th><th>Target Allocation Weight (if applicable)</th></tr></thead><tbody><tr><td>SIERRA Liquid Yield Token</td><td>N/A</td><td>Variable</td></tr><tr><td>Concentrated liquidity provision on the SIERRA/USDC pool on LFJ (Avalanche)</td><td>N/A</td><td>Variable</td></tr><tr><td>Concentrated liquidity provision on the SIERRA/USDC pool on Uniswap (Ethereum)</td><td>N/A</td><td>Variable</td></tr><tr><td>SIERRA Principal Tokens (PTs) on Pendle</td><td>N/A</td><td>Variable</td></tr><tr><td>Liquidity provisions in Pendle's SIERRA market using Standardized Yield (SY) and PTs</td><td>N/A</td><td>Variable</td></tr><tr><td>USDC</td><td>N/A</td><td>&#x3C;1%</td></tr></tbody></table>

## Key Service Providers

<table><thead><tr><th width="333.20574951171875">Service Providers</th><th>Names</th></tr></thead><tbody><tr><td>Portfolio Manager</td><td>Five Sigma Finance, Sierra</td></tr><tr><td>Asset Issuer(s)</td><td>Sierra</td></tr><tr><td>Bridge</td><td>Stargate</td></tr><tr><td>Trading Venue(s)</td><td>Pendle, Unisawp, LFJ, Cowswap</td></tr><tr><td>Stablecoin Custodian(s)</td><td>Circle, Fireblocks</td></tr></tbody></table>