Renzo Finance launches onchain yield product

Renzo Finance rebrands and launches Renzo Basis, an automated onchain yield product on Hyperliquid. Users earn funding rate yields via basis trades, with BTC and HYPE support and plans for expansion.

Renzo Protocol has rebranded to Renzo Finance and launched Renzo Basis, its first onchain structured yield product on the Hyperliquid network. Renzo Basis automates basis trading strategies by holding spot long and perpetual contract short positions at the same time. This allows users to earn yield from funding rates without taking on directional market risk. The product is fully onchain, self-custodial, and initially supports BTC and HYPE. Users can customize asset selection and risk parameters to suit their preferences. Renzo Finance aims to bridge traditional and decentralized finance by providing advanced, automated, and scalable infrastructure for structured products. Looking ahead, Renzo plans to expand to other platforms and introduce additional structured products, such as auto-redemption and growth notes. These developments mark a significant step toward institutional-grade financial instruments in the crypto space.