I boot via efi stub and have the initramfs embedded into my custom kernel (gentoo-sources). The only kernel command line option is: net.ifnames=0
Other than that I have only added cryptsetup_trim = true to /etc/ugrd/config.toml
I created the initramfs by ugrd –no-firmware, as all necessary firmware is already embedded into the kernel.
This worked like charm until ugrd-2.0.0.
Here is a screenshot at the point where everything stops. The initramfs is not being loaded at all.

Hope we can debug this :-)