Renzo expands beyond restaking with basis trade product on Hyperliquid

60-second summary

Renzo launches a Basis trade product on Hyperliquid, initially supporting BTC and HYPE, allowing users to capture yield from funding rates via automated positions. The platform automates entry and exit, converting funding differentials into profit without requiring traditional staking. This expansion broadens Renzo’s DeFi offering, potentially boosting user adoption and liquidity across the crypto derivatives market.