Renzo Protocol Rebrands to Renzo Finance, Launches First On-Chain Structured Yield Product Renzo Basis on Hyperliquid

Odaily News - Renzo Protocol has rebranded to Renzo Finance and expanded into the field of on-chain structured yield products, with its first product, Renzo Basis, now live on Hyperliquid. This product automates basis trading strategies by simultaneously holding both spot long positions and perpetual contract short positions, allowing users to earn returns through funding rates. It initially supports BTC and HYPE, with plans to expand to all assets that have both spot and perpetual markets on Hyperliquid. Renzo founder Lucas Kozinski stated that Renzo Basis is fully on-chain, self-custodial, and customizable, enabling users to independently choose their assets and risk parameters.