{"id":11845,"date":"2025-09-26T11:46:10","date_gmt":"2025-09-26T11:46:10","guid":{"rendered":"https:\/\/bitunikey.com\/news\/r2-protocol-goes-live-despite-reward-issues\/"},"modified":"2025-09-26T11:46:12","modified_gmt":"2025-09-26T11:46:12","slug":"r2-protocol-goes-live-despite-reward-issues","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/r2-protocol-goes-live-despite-reward-issues\/","title":{"rendered":"R2 Protocol goes live despite reward issues"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">R2 Protocol goes live on Ethereum on Sept. 26 alongside a vault backed by tokenized U.S. Treasuries and a private credit vault. Users complained about the fact that they have to deposit USDC in order to gain rewards in R2\u2019s mainnet.<\/p>\n<div id=\"cn-block-summary-block_79b879c12260648e1862df9826b18327\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>R2 Protocol launched its Ethereum mainnet on Sept. 26, debuting with two flagship RWA vaults backed by major institutions.<\/li>\n<li>The rollout sparked backlash over its rewards program, as users criticized the requirement to deposit USDC to unlock 100 R2 tokens<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>On Sept. 26 at 07:00 UTC, R2 protocol launched its mainnet on Ethereum. So far, the launch has garnered a Total Value Locked that has amounted to $121,290 with more than 154,000 users already on the protocol.<\/p>\n<p>According to official <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/r2yield\/status\/1970778986440790521\">account<\/a>, R2 is holding a rewards program for its early supporters by distributing tokens through the mainnet valued at approximately 100 R2 tokens.<\/p>\n<p>However, many users in the comments section took issue with the fact that the \u201crewards program\u201d still required users to pay by depositing real money in USDC (USDC) into the mainnet to unlock the reward.<\/p>\n<p>Some users felt \u201ctricked\u201d by the unlock mechanism. As they felt that it was a way to gatekeep the rewards, where smaller testers or those unwilling to deposit are excluded from gaining full rewards.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>\u201cYou want his airdrop, he wants your capital!\u201d said one user.<\/p>\n<p>\u201cThank god i have collected some USDT for you guys in AMA, will used that as compensation for wasting my time,\u201d said another user.<\/p>\n<p>\u201cBecause of this trickery, you\u2019ll be forever stained with thousands of negative reviews on on-chain evaluation platforms like Ethos, and future generations will see it too,\u201d said another user.<\/p>\n<p>In response, the R2 Protocol team shared a post that defended its position on rewards. The protocol claimed that every user is guaranteed to receive 100 R2. However, to unlock it, they must first deposit 100 USDC for 60 days with a 50% Annual Percentage Yield from the process.<\/p>\n<p>\u201cWhy the unlock? Because only by growing TVL together can we secure better institutional offers and give back more to early users,\u201d said the protocol in its post.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We\u2019ve seen all the reactions to our testnet rewards \u2014 excitement, doubts, even harsh criticism. We understand the emotions: everyone wants fairness and clarity.  <\/p>\n<p>Here\u2019s our stance:  <\/p>\n<p>R2 has been built step by step, with audits, partnerships, and no shortcuts.  <\/p>\n<p>Every testnet\u2026<\/p>\n<p>\u2014 R2 Community (@r2yield) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/r2yield\/status\/1970778986440790521?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 24, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>According to the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/mirror.xyz\/r2labs.eth\/sQMsMdvNOAHFM8carzlHOAIjOIRStrYYGhQY7pK8kxw\" target=\"_blank\" rel=\"nofollow\">site<\/a>, eligible users are those who have successfully made at least one swap on the R2 testnet and must reach the basic points threshold to unlock the reward.<\/p>\n<p>The user still has to connect their wallet and invest USDC into one of the vault options, choosing either tokenized treasuries or private credit. Yields will accumulate through the R2 token within a 60-day time period. <\/p>\n<h2 class=\"wp-block-heading\">R2 Protocol\u2019s mainnet launch<\/h2>\n<p>After the R2 Protocol testnet phase, there were more than 385,000 addresses registered for the mainnet launch, as well as more than 50,000 active users per day. The mainnet launch was accompanied by the successful integration of 12 major asset management institutions, including Apollo, Mercado Bitcoin, Fasanara, Golfinch, BlackRock, VanEck, and Centrifuge.<\/p>\n<p>According to the roadmap, the native token launch for R2 will take place sometime by the end of 2025.<\/p>\n<p>Alongside the mainnet launch, the protocol also launched two flagship RWA wealth management products: T-Bills Vault and Private Credit Vault.<\/p>\n<p>The T-Bill Vault is described as a \u201cconservative vault backed by tokenized U.S. Treasuries\u201d that comes with a 4% net Annual Percentage Yield. It is backed by underlying assets that include BlackRock\u2019s BUIDL, VanEck, and Centrifuge tokenized RWA infrastructure.<\/p>\n<p>The second vault, the Private Credit Vault, is backed by curated private credit portfolios with a target net APY of around 9% to 10% in yield. This vault is supported by partnerships with Fasanara Capital Ltd, Mercado Bitcoin and Apollo.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>R2 Protocol goes live on Ethereum on Sept. 26 alongside a vault backed by tokenized U.S. Treasuries and a private credit vault. Users complained about the fact that they have&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11526,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11845"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11845\/revisions"}],"predecessor-version":[{"id":11846,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11845\/revisions\/11846"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11526"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}