Renzo launched Renzo Basis on Hyperliquid, its first product beyond liquid restaking, an onchain basis trade that earns yield from funding rates instead of betting on price direction.
Renzo Basis runs delta-neutral strategies, automatically pairing spot and perpetual positions so directional risk cancels out and the position collects funding-rate payments as carry. It opens with BTC and HYPE and executes on Hyperliquid, the onchain perpetual exchange that has quietly become one of the highest-volume venues in crypto. Renzo, now rebranding to Renzo Finance, frames it as closing the gap on structured products, a multitrillion-dollar category in traditional finance that stays niche onchain because the strategies are hard to set up, monitor and manage by hand.
The move stretches Renzo well past its liquid-restaking roots, betting that packaging automated, market-neutral yield into one product will pull in DeFi users who want returns without taking a view on price.
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