Odaily Planet Daily reports: Renzo Protocol has rebranded as Renzo Finance and expanded into the on-chain structured yield products space, with its first product, Renzo Basis, now live on Hyperliquid. The product automates basis trading strategies by holding a long position in spot assets and a short position in perpetual contracts, allowing users to earn yields through funding rates. Initially supporting BTC and HYPE, it will later extend to all assets on Hyperliquid that have both spot and perpetual markets. Renzo founder Lucas Kozinski stated that Renzo Basis is fully on-chain, self-custodied, and customizable, enabling users to independently select assets and risk parameters.
Renzo Protocol rebrands to Renzo Finance and launches its first on-chain structured yield product, Renzo Basis, on Hyperliquid.
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Summary
Renzo Finance, formerly Renzo Protocol, has launched its first on-chain structured yield product, Renzo Basis, on Hyperliquid. The product leverages on-chain trading signals to automate basis trading strategies by holding spot longs and perpetual short positions, enabling users to earn through funding rates. Initially supporting BTC and HYPE, it will expand to all assets on Hyperliquid with both spot and perpetual markets. Founder Lucas Kozinski stated that the product is fully on-chain, self-custodied, and customizable, allowing users to select assets and adjust risk-to-reward ratio parameters.
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