We’re excited to announce an update to the R2 Vaults, further refining our yield architecture to better serve different user needs while staying true to our core principle: pure, transparent, real-world asset yield on-chain.
This update will officially go live with the launch of Season 2 (S2).
With this update, R2 now offers two clearly differentiated vaults:
sR2USD: a high-liquidity, low-risk core yield vault
sR2USD+: a season-based enhanced yield vault for long-term capital
Both vaults are backed entirely by institutional-grade RWAs, with no reliance on leverage or token inflation for base yield.
Target APY: ~5.0%
sR2USD is designed as the core, low-risk yield vault for users seeking stable returns, high liquidity, and predictable redemption.
Asset | Allocation | Role |
VBILL | 25% | Liquidity anchor & fast redemption buffer |
USCC | 40% | Liquid yield enhancement (T+3) |
STAC | 25% | Stable, predictable cash flows (T+3) |
MB (short-duration, cash-flow-backed) | 10% | Short-term yield enhancement |
Risk Profile: Low
Liquidity: High
Redemption: Early redemption available (T+3)
Yield Distribution: 90-day season-based
sR2USD is optimized to function as an on-chain equivalent of a high-quality cash management product, combining liquidity, stability, and real yield.
Target APY: ~8.0% – 10.0%
sR2USD+ is built for users willing to commit capital for a full season in exchange for higher, diversified RWA yield exposure.
Asset | Allocation | Role |
VBILL | 5% | NAV stability & minimal liquidity buffer |
Apollo Acred | 20% | Long-duration, institutional-grade yield |
USCC | 35% | Liquid yield enhancement (T+3) |
STAC | 10% | Stable, predictable cash flows (T+3) |
MB (short-duration, cash-flow-backed) | 30% | Short-to-mid duration yield enhancement |
Risk Profile: Low – Medium
Liquidity: Medium
Redemption: Standard redemptions occur at season end. A limited fast-track option may be available based on a dedicated liquidity buffer. Fast-track withdrawals before the current season completes may forfeit current cycle yield.
Yield Distribution: 90-day season-based
sR2USD+ introduces controlled duration and credit exposure to unlock higher returns, while maintaining transparency and conservative risk management.
Clear product differentiation: users can now choose between liquidity-first or yield-maximizing strategies
Pure RWA yield: no leverage, no synthetic yield engineering
Institutional-grade construction: diversified assets, clear cash-flow paths, predictable redemption
Season-based design: aligns capital duration with underlying asset behavior
This updated structure strengthens R2’s position as a real yield infrastructure layer, bridging institutional RWAs with on-chain accessibility.
We’ll continue to iterate on asset composition, reporting transparency, and partner integrations, always with the goal of making real-world yield simple, verifiable, and globally accessible.
Stay tuned for upcoming season details and performance updates.