Renzo Finance Launches Onchain Basis Trade Product on Hyperliquid

Crypto restaking platform Renzo Protocol has rebranded to Renzo Finance as it expands into onchain structured yield products, starting with a basis trade product on Hyperliquid.

Renzo Basis is designed to automate a strategy that buys an asset in the spot market while taking an equal short position in perpetual futures. This reduces exposure to the asset's price moves because the long and short positions offset each other.

The yield earned comes from the funding rate, a fee paid between perpetual futures traders. Renzo Basis uses three safeguards: a hedge guard, a yield guard, and a safety buffer.

Renzo Finance aims to automate structured strategies for onchain users, bridging the gap with traditional finance's multitrillion-dollar category of structured products.