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The Year of Building R2: Endurance, Discipline, and Compound Interest

R2 Protocol
特邀专栏作者
@r2yield
2025-12-31 08:55
This article is about 1840 words, reading the full article takes about 3 minutes
Over the past year, R2 has continued to advance real-return practices in a market environment characterized by low attention and high uncertainty. From starting from scratch to stable operation and with TVL exceeding $10 million, R2 has gradually built an on-chain yield infrastructure for long-term capital through institutional-grade asset allocation, verifiable cash flow, and prudent structural design.
AI Summary
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  • 核心观点:R2专注构建透明、稳健的链上真实收益基础设施。
  • 关键要素:
    1. 专注真实收益与机构合作,TVL达1000万美元。
    2. 坚持产品迭代与用户体验,拒绝“容易的增长”。
    3. 通过全球活动建立信任,视分发为长期关系建设。
  • 市场影响:为行业提供注重结构而非叙事的稳健收益范式。
  • 时效性标注:长期影响。

This year is not about growth rate.

It's about endurance, not just physical endurance.

When R2 was first launched, it had almost no traction.

The market is quiet, liquidity is thin, and attention is elsewhere.

Countless nights, we've asked ourselves the same question:

Was the judgment wrong?

Is the timing wrong?

Should we stop?

There were also countless sleepless nights spent thinking about how to move forward.

It's not about taking shortcuts or making noise, but about finding a genuine and sustainable path.

Looking back, the fact that R2 is still running stably in the production environment is more meaningful than any short-term metric.

A decision I won't regret

Despite the uncertainty, there are a few things we are certain we haven't done wrong.

First, we continue to learn and remain in the public eye.

As a team, we were fortunate to build a large network of valuable connections this year, including project founders, institutions, and asset managers. We had many long and sometimes challenging conversations about capital, risk, and return. Many conversations were fruitless, a few changed everything, but each one was significant.

Second, we always focus on product and user experience.

We didn't chase attention; instead, we iterated continuously. We optimized processes and refined the Vault structure to make the product clearer and more intuitive. The progress wasn't loud, but it was real.

Third, we learned to say no.

We did not accept every cooperation opportunity.

The standards were not lowered in order to amplify the data.

We will only select assets and structures that we can truly take responsibility for and that we can sustain in the long term.

Building a high-quality, revenue-generating product means resisting "easy growth." This choice shaped all our actions this year.

What this year taught us

There are three points that have become our long-standing principles.

First, the founder's mental state is itself a systemic risk.

When leaders are unstable, everything becomes fragile, including decision-making, morale, and even product direction. Learning to manage oneself is just as important as managing a company.

Second, data can be fabricated, but trust cannot.

TVL (TVL) can be amplified, and narratives can be packaged. But once users lose trust in the revenue structure, it's almost impossible for them to come back. Structure is always more important than speed.

Third, real returns are harder to come by, but they can generate compound interest.

Dealing with institutional-grade assets, real cash flow, and conservative structures is far slower than the shortcuts native to DeFi. But once it works, it won't disappear just because the incentives stop.

What did R2 actually accomplish?

We have partnered with more than ten institutional asset management firms, focusing on authentic and verifiable sources of returns.

The R2 mainnet has been launched and continues to iterate. The complete end-to-end process is running stably, and the underlying assets will continue to adjust with the market and macro environment.

We have reached a milestone of $10 million in TVL , a scale built on real capital allocation.

In addition to the products themselves, we also have a presence all over the world.

This year, we hosted or co-hosted 12 offline events in major crypto cities around the world. We organized side events for almost all major industry conferences and participated in main events multiple times, including Consensus, Web3 Festival, Token2049 Dubai, Korea Blockchain Week, Token2049 Singapore, and Devconnect.

Online, we hosted more than 20 AMAs, inviting almost all the heavyweight guests in RWA and institutional revenue fields to have open and in-depth exchanges with the community.

For us, distribution is not marketing. It's about consistent presence, building trust, and long-term relationships.

For whom was R2 built?

Our users are not defined by tags.

If you are managing funds, whether you are an individual or an institution.

If you care about where the profits come from.

If you value structure more than speculation.

You are our user.

R2 is not just for native DeFi users.

It was built for all those who believe that capital should be managed properly.

2026: Where are we headed?

2026 will no longer be the year to prove whether R2 is feasible.

This is already happening.

Our goal is to grow through clarity and restraint.

We aim to evolve R2 from a single-yield strategy into a multi-asset, multi-strategy on-chain yield layer. Building on the existing foundation, we will gradually incorporate more asset types, including US stocks, gold, silver, and energy-related assets. Regardless of strategy changes, the transparency and verifiability of returns will remain uncompromising.

Meanwhile, we will continue to conduct in-depth research on the macroeconomic environment. Liquidity cycles, interest rate changes, and the global risk structure all influence capital flows. Our asset allocation and strategy adjustments will be based on data, structure, and risk management, rather than narratives.

By 2026, we hope that R2 will be understood as infrastructure, not an opportunity.

A system that can quietly compound interest.

A structure that can weather economic cycles and support capital.

Conclusion

Some capital seeks stability.

The compounding effect of stable returns over time often brings even greater surprises.

Ultimately, you are the manager of your own assets.

R2 will always be here to help you consciously build all of this.

Looking ahead, we will continue to expand our multi-asset return strategy and dynamically optimize asset allocation based on changes in the macroeconomic environment.

By adhering to a transparent, robust, and verifiable structural design, R2 is committed to becoming a revenue-generating infrastructure that can serve different types of capital over the long term.

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