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enzo

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Flash

first_img Renzo renamed itself Renzo Finance and launched the Hyperliquid basis trading product

The re-staking protocol Renzo Protocol announced its name change to Renzo Finance and launched its first on-chain structured yield product Renzo Basis, which will go live on Hyperliquid, initially supporting BTC and HYPE. Lucas Kozinski, founder of Renzo Labs, stated that basis trading earns funding rate income by simultaneously holding a spot long and a perpetual contract short. Since the long and short positions hedge each other, asset price fluctuations do not affect the yield, and users earn the fees paid by perpetual traders every hour.Renzo stated that the product achieves automation through a triple protection mechanism, including hedge protection, yield protection, and safety buffer. Currently, the product does not use AI automation but instead conducts trading and strategy monitoring through Hyperliquid's proxy wallet (API wallet) with user authorization, without holding user funds. The relevant protection parameters can be customized by users. Renzo emphasized that its product differs from competitors such as Ethena and Bitwise's Superstate in that it is fully on-chain, self-custodied, and allows depositors to choose their own assets, trading venues, and risk parameters.Renzo Basis plans to support all assets on Hyperliquid that have both spot and perpetual markets and expand to other DeFi platforms, with the next stop being Lighter on Robinhood, where on-chain stock perpetual basis trading will be introduced.

Bitget appoints MotoGP champion Jorge Lorenzo as UEX Ecosystem Security Ambassador

On the occasion of Data Privacy Day, Bitget officially announces the appointment of MotoGP champion Jorge Lorenzo as its security ambassador. Both parties take this opportunity to launch a series of security education videos consisting of five modules, systematically explaining how to prevent phishing attacks, implement two-factor authentication, provide risk alerts, and understand core mechanisms such as the Bitget Protection Fund and reserve proof. This series uses Lorenzo's iconic "X-Fuera" racing perspective as a starting point to interpret how, within the UEX ecosystem, a broader vision and information access can enhance the safety and rationality of trading decisions.The related security education content is also linked to Bitget's anti-fraud center. This center will be launched in June 2025, continuously providing users with real-time fraud alerts and security tools. Currently, Bitget has a protection fund exceeding $300 million and insists on publishing monthly Merkle tree reserve proofs to ensure that user assets receive 1:1 full support.Jorge Lorenzo stated that both motorsport and the digital asset field need to achieve a precise balance between speed and security; Bitget CEO Gracy Chen also pointed out that through this collaboration, they hope to further enhance users' proactive awareness of digital asset security and promote continuous progress in the industry regarding transparency and security standards.
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