Renzo Finance Launches Onchain Yield Product Basis Trade Solution

Renzo Finance has announced its rebranding from Renzo Protocol and launched its first onchain yield product, Renzo Basis. This is part of a new phase for the company that moves beyond restaking to offer structured onchain products.

The basis trade solution built on Hyperliquid automates combined positions in spot and perpetual markets, generating yield from funding rates. According to Lucas Kozinski, founder of Renzo Labs, 'because the two sides cancel each other out, the asset’s price movement doesn’t matter. What remains is the funding rate, a fee that traders pay every hour to keep their position open.'

Renzo Basis uses Hyperliquid's agent wallets to operate on behalf of users without taking custody of their funds. The automation incorporates three safeguards: a hedge guard, a yield guard, and a safety buffer, all configurable by the depositor themselves.

The protocol is initially supporting BTC and HYPE with plans to incorporate other Hyperliquid assets in spot and perpetual markets. Renzo Finance aims to differentiate itself from competitors Ethena and Bitwise's Superstate by offering user-configurable risk parameters and self-custodial management.