R2, a yield-bearing stablecoin protocol underpinned by Real-World Assets (RWA), has officially launched its testnet.
The protocol allows users to mint R2USD, stake tokens to earn yield and participate in Galxe and Intract tasks to accumulate testnet points.
The protocol’s foundation is built on a diverse portfolio of on-chain tokenized U.S. Treasuries, compliant money market fund strategies, and real estate rental income. This approach aims to provide a stable and reliable yield for R2USD holders. R2 has integrated with Galxe and Intract, two popular Web3 quest platforms, to encourage engagement and reward early testers. Users can complete various tasks, such as interacting with the protocol, sharing feedback, or promoting R2 on social media to accumulate testnet points. These points may be used for future rewards or airdrops, incentivizing active participation.
The testnet launch allows users to experience the R2 protocol and provide feedback before the mainnet launch, scheduled for Q2 2025. Participants can earn testnet points using the platform’s features, including minting R2USD and staking.
R2’s innovative approach to stablecoins, incorporating real-world assets, has garnered attention within the DeFi space. By tokenizing traditional assets like U.S. Treasuries and real estate, R2 seeks to bridge the gap between traditional and decentralized finance, offering a compliant and yield-generating stablecoin solution.
Meanwhile, Celestia has launched its mamo-1 testnet to enhance network scalability, allowing for much larger block sizes—up to 128MB blocks every six seconds, compared to over 16 times the capacity of its current mainnet. This public testnet integrates a complete data availability layer and a new data transfer protocol to mimic real-world conditions for applications with high data volumes. The goal is to eventually support 1GB blocks as the project competes in data availability. Similarly, Ethereum is progressing with its scalability initiatives through the upcoming Hoodi testnet, which will finalize testing for the Pectra upgrade.
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