R2 protocol goes live on Ethereum on 26 September in addition to a safe supported by Tokenized American treasury and a private credit vault. Users complained about the fact that they had to deposit USDC to get rewards in the Minstje of R2.
Summary
- R2 Protocol launched its Ethereum Minet on 26 September and debuted with two flagship RWA -Kluizen supported by large institutions.
- The rollout caused a return on his remuneration program, because users criticized the requirement to deposit USDC to unlock 100 R2 tokens
On September 26 at 07:00 UTC, R2 Protocol launched its Mainnet on Ethereum. So far, the launch has collected a total locked value that amounted to $ 121,290 with more than 154,000 users who are already on the protocol.
According to the official account, R2 is holding a reward program for its early supporters by distributing tokens via the Mainstet with a value of approximately 100 R2 tokens.
However, many users in the commentary part had a problem with the fact that the ‘reward program’ still forced users to pay by depositing real money in USDC (USDC) into the mainnet to unlock the reward.
Some users felt ‘cheated’ due to the unlocking mechanism. Because they thought it was a way to gate the rewards, smaller testers or those who did not want to deposit become excluded from obtaining full rewards.
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“You want his airdrop, he wants your capital!” said one user.
“Thank goodness I have collected what USDT collected for you in AMA, will use that as compensation to waste my time,” said another user.
“Because of this deception you will be stained forever with thousands of negative assessments on evaluation platforms on chains such as Ethos, and future generations will also see it,” said another user.
In response, the R2 protocol team shared a message that defended his position on rewards. The protocol claimed that each user is guaranteed to receive 100 R2. However, to unlock it, they must first deposit 100 USDC for 60 days with an annual percentage of 50% of the process.
“Why the unlocking? Because we can only grow together by TVL, we can safeguard better institutional offers and give it back to early users,” said the protocol in its post.
We have seen all the responses to our test network solutions – excitement, doubts, even harsh criticism. We understand the emotions: everyone wants honesty and clarity.
Here is our attitude:
R2 is built step by step, with audits, partnerships and no shortcuts.
Every test network …
– R2 Community (@R2 -Lyield) September 24, 2025
According to the site, users who have successfully made at least one swap on the R2 Testnet and the basic hunting threshold have to reach the reward.
The user still has to connect his wallet and invest USDC in one of the vault options, so that either tokenized treasuries or private credit chooses. The yields accumulate via the R2 token within a period of 60 days.
R2 Protocol’s Mainnet launch
After the R2 protocol -Testnet phase, more than 385,000 addresses were registered for the Manet launch, as well as more than 50,000 active users per day. The Mainstet launch was accompanied by the successful integration of 12 large assets management institutions, including Apollo, Mercado Bitcoin, Fasanara, Golfinch, BlackRock, Vaneck and Centrifuge.
According to the route map, the indigenous token launch for R2 will take place somewhere towards the end of 2025.
In addition to the Mainstet launch, the protocol also launched two flagship RWA Wealth Management Products: T-Bills Vault and Private Credit Vult.
The T-Bill Vault is described as a “conservative safe supported by Tokenized American treasury” that is supplied with an annual percentage of 4%. It is supported by underlying assets that include BlackRock’s Buidl, Vaneck and Centrifuge -Tokenized RWA infrastructure.
The second vault, the private credit safe, is supported by composite private credit portfolios with a target -Netto APY from approximately 9% to 10% in yield. This safe is supported by partnerships with Fasanara Capital LTD, Mercado Bitcoin and Apollo.
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