Liquid restaking protocol Renzo has launched Renzo Basis, a new tool executing delta-neutral basis trades on Hyperliquid. The product will initially support Bitcoin (BTC) and HYPE, Hyperliquid’s native token. This strategy generates yield by collecting funding rate payments from long traders on perpetual contracts without taking directional market bets. Hyperliquid has emerged as one of the most active trading venues in the sector with daily volumes measured in hundreds of billions of dollars, providing the liquidity needed for this type of strategy. However, real risks remain: funding rates are not guaranteed to stay positive and can flip negative during bearish periods, and on-chain automation introduces smart contract risks.
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