Deploying a Permissionless Vault

Designed for: Asset managers, RWA originators, fintechs, trading firms and exchanges bringing their own assets or yield strategy onchain Issuing Partners define the Vault's reserve management strategy, backed by any combination of yield sources across RWAs and DeFi. Sierra provides the smart contracts, legal structuring, custody, and reporting infrastructure to deploy the permissionless vault. Vault depositors receive a standard ERC-20 vault token that accrues yield through exchange rate appreciation. Underlying reserves are custodied using Fireblocks MPC and deployed into the OpenTrade SPC, with RWAs custodied at Tier 1 GSIBs. Partners can retain full control over the Vault's branding and fees.

Issuing Partners have the option to increase functionality of the Permissionless Vault into a full-scale Liquid Vault Token.