Renzo expands beyond restaking with basis trade product on Hyperliquid

basis trade product — Restaking protocol Renzo has launched a new basis trading product on the Hyperliquid perpetual futures exchange, marking its first major expansion beyond its core restaking service.

The new product, called Renzo Basis, will initially support automated basis trades for Bitcoin (BTC) and Hyperliquid’s native HYPE token. It is designed to let users earn yield from funding rate differentials between spot and perpetual futures markets without requiring active management.

This move represents a strategic diversification for Renzo, which has become a leading liquid restaking token (LRT) provider on EigenLayer. The protocol is leveraging its existing infrastructure to capture yield in a different segment of the decentralized finance market.

The launch on Hyperliquid, a high-performance decentralized exchange built on its own L1, provides Renzo with access to deep perpetual futures liquidity. The automated product aims to simplify a complex trading strategy for a broader user base seeking passive yield.