Jeffrey - Founder of R2

31st Dec 2025

This year wasn't about momentum.
It was about endurance.

When R2 first went live, there was almost no traction.
The market was quiet, liquidity was thin, and attention was elsewhere.

There were many nights when we asked ourselves the same questions.
Was our judgment wrong?
Was the timing wrong?
Should we stop?

There were countless sleepless nights thinking about how to move forward. Not through shortcuts, not through noise, but through something real and sustainable.

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

Despite the uncertainty, there are a few decisions we're confident we didn’t get wrong.

First, we kept learning and kept showing up.
As a team, we spent the year meeting new people. Founders, institutions, asset managers. We had long, sometimes uncomfortable conversations about capital, risk, and yield. Many led nowhere. Some changed everything. All of them mattered.

Second, we stayed focused on product and user experience.
Instead of chasing attention, we kept iterating. Improving flows. Refining vault logic. Making the product clearer and more intuitive. Progress wasn't loud, but it was real.

Third, we learned to say no.
We didn't accept every partnership.
We didn't dilute standards to inflate numbers.
We chose to work only with assets and structures we could truly stand behind.

Building a high-quality yield product means resisting easy growth. That choice shaped everything we did this year.

There are three lessons that now define how we operate.

First, a founder's mental state is a systemic risk.
When leadership becomes unstable, everything becomes fragile. Decisions, morale, and even product direction. Learning how to manage ourselves became as important as managing the company.

Second, traction can be manufactured. Trust cannot. TVL can be boosted. Narratives can be packaged. But once users lose trust in the structure behind the yield, it rarely comes back. Structure matters more than speed.

Third, real yield is harder, but it compounds. Working with institutional assets, real cash flows, and conservative structures is slower than DeFi-native shortcuts. But once it works, it doesn’t disappear when incentives stop.

We partnered with more than ten institutional asset managers, focusing on real and verifiable yield.

R2 went live on mainnet and continued to iterate throughout the year. The entire end-to-end flow is now running in production, with underlying assets updated as market conditions evolved.

We reached a ten million dollar TVL milestone, built on real capital allocation rather than short-term incentives.

Beyond the product itself, we showed up globally.

We hosted or co-hosted twelve offline events across major crypto hubs worldwide. We organized side events at nearly every major conference and participated directly in several main events, including Consensus, Web3 Festival, Token2049 Dubai, Korea Blockchain Week, Token2049 Singapore, and Devconnect.

Online, we hosted more than twenty AMAs and invited many of the most respected voices across the RWA and institutional yield space to speak openly with our community.

For us, distribution is not just marketing.
It is about presence, trust, and long-term relationships.

Our audience is not defined by labels.

If you manage capital, personal or institutional.
If you care about where yield comes from.
If you value structure over speculation.

You are our user.

R2 is not just for DeFi natives.
It is for anyone who believes capital deserves to be managed with intention.

2026 will not be about proving that R2 works.
That foundation is already in place.

Our focus is to grow with discipline and clarity.

We aim to expand R2 beyond a single yield strategy and build a diversified on-chain yield layer. This includes gradually incorporating a broader range of asset classes such as U.S. equities, gold and silver, and energy-related assets, alongside existing yield sources. Across all strategies, transparency and verifiability of yield will remain non-negotiable.

At the same time, we will continue to study macroeconomic conditions closely. Liquidity cycles, interest rates, and global risk dynamics matter. Our strategies and asset allocation will adjust accordingly, based on data, structure, and risk management rather than narratives.

By 2026, we want R2 to be understood as infrastructure rather than an opportunity.
A system designed to compound quietly and consistently.
A platform built to hold capital through cycles.

Some capital seeks stability.
And stable yield, compounded over time, often creates the biggest surprises.

In the end, you are your own asset manager.
R2 is here to help you build with intention.

Looking ahead, we will continue to expand multi-asset yield strategies while dynamically adjusting allocation in response to macroeconomic conditions.

By maintaining transparent, robust, and verifiable structures, R2 aims to serve as a long-term yield infrastructure for diverse forms of capital.

Jeffrey - Founder of R2

31st Dec 2025

This year wasn't about momentum.
It was about endurance.

When R2 first went live, there was almost no traction.
The market was quiet, liquidity was thin, and attention was elsewhere.

There were many nights when we asked ourselves the same questions.
Was our judgment wrong?
Was the timing wrong?
Should we stop?

There were countless sleepless nights thinking about how to move forward. Not through shortcuts, not through noise, but through something real and sustainable.

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

Despite the uncertainty, there are a few decisions we're confident we didn’t get wrong.

First, we kept learning and kept showing up.
As a team, we spent the year meeting new people. Founders, institutions, asset managers. We had long, sometimes uncomfortable conversations about capital, risk, and yield. Many led nowhere. Some changed everything. All of them mattered.

Second, we stayed focused on product and user experience.
Instead of chasing attention, we kept iterating. Improving flows. Refining vault logic. Making the product clearer and more intuitive. Progress wasn't loud, but it was real.

Third, we learned to say no.
We didn't accept every partnership.
We didn't dilute standards to inflate numbers.
We chose to work only with assets and structures we could truly stand behind.

Building a high-quality yield product means resisting easy growth. That choice shaped everything we did this year.

There are three lessons that now define how we operate.

First, a founder's mental state is a systemic risk.
When leadership becomes unstable, everything becomes fragile. Decisions, morale, and even product direction. Learning how to manage ourselves became as important as managing the company.

Second, traction can be manufactured. Trust cannot. TVL can be boosted. Narratives can be packaged. But once users lose trust in the structure behind the yield, it rarely comes back. Structure matters more than speed.

Third, real yield is harder, but it compounds. Working with institutional assets, real cash flows, and conservative structures is slower than DeFi-native shortcuts. But once it works, it doesn’t disappear when incentives stop.

We partnered with more than ten institutional asset managers, focusing on real and verifiable yield.

R2 went live on mainnet and continued to iterate throughout the year. The entire end-to-end flow is now running in production, with underlying assets updated as market conditions evolved.

We reached a ten million dollar TVL milestone, built on real capital allocation rather than short-term incentives.

Beyond the product itself, we showed up globally.

We hosted or co-hosted twelve offline events across major crypto hubs worldwide. We organized side events at nearly every major conference and participated directly in several main events, including Consensus, Web3 Festival, Token2049 Dubai, Korea Blockchain Week, Token2049 Singapore, and Devconnect.

Online, we hosted more than twenty AMAs and invited many of the most respected voices across the RWA and institutional yield space to speak openly with our community.

For us, distribution is not just marketing.
It is about presence, trust, and long-term relationships.

Our audience is not defined by labels.

If you manage capital, personal or institutional.
If you care about where yield comes from.
If you value structure over speculation.

You are our user.

R2 is not just for DeFi natives.
It is for anyone who believes capital deserves to be managed with intention.

2026 will not be about proving that R2 works.
That foundation is already in place.

Our focus is to grow with discipline and clarity.

We aim to expand R2 beyond a single yield strategy and build a diversified on-chain yield layer. This includes gradually incorporating a broader range of asset classes such as U.S. equities, gold and silver, and energy-related assets, alongside existing yield sources. Across all strategies, transparency and verifiability of yield will remain non-negotiable.

At the same time, we will continue to study macroeconomic conditions closely. Liquidity cycles, interest rates, and global risk dynamics matter. Our strategies and asset allocation will adjust accordingly, based on data, structure, and risk management rather than narratives.

By 2026, we want R2 to be understood as infrastructure rather than an opportunity.
A system designed to compound quietly and consistently.
A platform built to hold capital through cycles.

Some capital seeks stability.
And stable yield, compounded over time, often creates the biggest surprises.

In the end, you are your own asset manager.
R2 is here to help you build with intention.

Looking ahead, we will continue to expand multi-asset yield strategies while dynamically adjusting allocation in response to macroeconomic conditions.

By maintaining transparent, robust, and verifiable structures, R2 aims to serve as a long-term yield infrastructure for diverse forms of capital.