R2 Vaults Season 2 Launch: Two tracks to meet different risk preferences, with more transparent RWA yields

2026-01-12 09:57:36

R2 Vaults undergo a major upgrade. With the official launch of Season 2, this on-chain real asset yield infrastructure has introduced a redesigned dual-layer product matrix, allowing different types of investors to find suitable options.

Core Change: From Single to Differentiated, Making Choices Clear

The core logic of this update is simple — to carry real, transparent, unleveraged RWA yields on-chain. To meet users’ different trade-offs between liquidity and returns, R2 has launched two clearly positioned Vault products:

sR2USD: A choice for stable cash flow
sR2USD+: A choice for higher yields in exchange for locking periods

The fundamental commonality of both products is: 100% native returns from institutional-grade real assets, with no leverage and no token inflation schemes.

sR2USD: High Liquidity, Low Risk “On-Chain Cash Management”

Target APY Range: 5.0%–5.5% (Pure RWA Yield)

sR2USD is aimed at investors who need to withdraw funds at any time and seek stable income. As R2’s core stable product, it provides a predictable redemption experience through carefully designed asset allocation and sufficient buffer mechanisms.

Asset Allocation and Buffer Design

VBILL (25%): Liquidity anchor, also serving as a buffer reserve for quick redemptions
USCC (40%): Enhanced liquidity asset, T+3 settlement cycle
STAC (25%): Cash flow stable and predictable, T+3 settlement cycle
MB (10%): Short-term high-yield assets supported by stable cash flows

Operational Features

From a risk perspective, sR2USD maintains a low-risk level. In terms of liquidity, users gain high flexibility. The redemption cycle is T+3, meaning funds are credited within three business days after submitting a redemption request. Yield distribution follows the Season cycle (settled every 90 days), ensuring transparency.

This design aims to make sR2USD a “on-chain cash management tool,” balancing stability, liquidity, and genuine returns across three dimensions.

sR2USD+: Born for Long-term Lock-in, High Yield Scheme

Target APY Range: 8.0%–10.0% (Pure RWA Yield)

sR2USD+ targets investors willing to lock funds throughout the entire Season cycle. Through longer holding periods and more complex asset structures, this product unlocks higher real yield potential.

Asset Allocation and Strategy

VBILL (5%): Maintains NAV stability, only retaining minimal liquidity buffers
USCC (35%): Enhanced liquidity yield, T+3 settlement
STAC (10%): Stable cash flow assets, T+3 settlement
MB (30%): Short- and medium-term high-yield portfolio
Apollo (20%): Long-term institutional-grade yield assets, key to sR2USD+ generating excess returns

Operational Features

Risk level shifts from low to low–moderate. Liquidity is relatively limited, employing a redemption mechanism after Season ends to ensure assets can fully realize long-term allocation potential. Yield is settled every 90 days, with distribution aligned with the Season cycle, allowing users to better plan cash flows.

By introducing controlled maturity mismatches and credit risk management, sR2USD+ further explores real yield opportunities while maintaining cautious risk controls.

Why is this upgrade significant?

Clear product differentiation — No more confusion between liquidity and yield; the two options are straightforward

Pure RWA yields — No leverage amplification, no token inflation subsidies; returns come entirely from cash flows of real assets

Institutional-grade asset structure — Each asset class has clear sources and cash flow forecasts, with ample buffers to ensure risk is manageable

Season design ingenuity — Fund maturities naturally match underlying assets; not rigid locking but organic cycle alignment

R2’s Greater Ambition

Through this upgrade, R2 further consolidates its position as an on-chain real yield infrastructure. The core logic is to let real yields flow into the Web3 world in the most natural way, without relying on artificial subsidies or complex derivatives packaging.

In the future, R2 will continue to optimize asset diversity, transparency of information disclosure, and integration depth with the ecosystem. The goal is to make real yields simpler, safer, and more global.

Season 2 is about to launch, with more detailed data and product metrics to be announced soon.

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