Ethereum restaking platform Renzo Protocol is rebranding as Renzo Finance and launching Renzo Basis, an onchain yield product that automates market-neutral basis trading on Hyperliquid. The strategy will initially support BTC and HYPE through equal-sized spot long and perpetual-futures short positions designed to limit directional price exposure while seeking returns from perpetual-futures funding rates. Renzo says the product will use Hyperliquid’s API wallet to build and monitor positions without directly custodying user funds, while adding safeguards intended to adjust rebalancing, funding exposure and leverage before liquidation. Renzo Labs founder Lucas Kozinski said growing adoption of real-world assets could create demand for onchain structured products and the infrastructure that supports them. Renzo plans to broaden the offering to further DeFi platforms, real-world assets and tokenized equities, although funding rates, smart-contract vulnerabilities, infrastructure failures, fees and opportunity costs remain material risks.