R2 has officially launched its testnet and will have a mainnet release in Q2 2025. Early users can now earn reward points, which will convert to R2 tokens when the official launch happens.
What Is R2?
R2 is a DeFi protocol that provides investors with yield opportunities based on stablecoins. The protocol includes on-chain products like R2USD, R2BTC, and R2ETH, which offer ways to gain high-value exposure while earning yields.
The testnet is now live on Ethereum’s Sepolia network. Users can try the protocol’s main features, give feedback, and earn reward points that can be converted to real tokens.
How To Join The R2 Testnet
Getting started is simple. Here’s a step-by-step:
- Set Up MetaMask on Sepolia Testnet
Connect your wallet to the Sepolia network. To get started with testnet ETH, use the R2 Discord faucet. - Head to the R2 Testnet App
Go to R2 Money’s testnet portal and connect your wallet. - Interact with the Core Protocol
– Mint R2USD using testnet USDC
– Stake R2USD to earn yield via sR2USD
– Try out R2BTC and R2ETH
– Provide and remove liquidity
– Execute swaps and simulate real DeFi flows - Complete Social Quests
Engage via Galxe, share your experiences, refer friends, and stay active across R2’s social channels to rack up Pulses. - Be Consistent
Points are calculated daily, and holding R2BTC or R2ETH for longer = more rewards. For example, 1 R2BTC (valued at $85,000) earns 2,040,000 points daily.
What’s Next?
With over 35% of DeFi TVL tied to liquid staking and stablecoin yield protocols, R2 is entering a high-demand segment. If R2 successfully becomes a key yield layer for real-world assets on Ethereum, early users of its testnet could benefit in the long run.
The R2 team is working on updates, new quests, and ecosystem integrations during the testnet season. This plan sets the project up for a strong launch in Q2.
