Renzo Basis rolls out automatic basis yield on Robinhood

Renzo Finance has brought its Renzo Basis product to Robinhood, enabling automatic perp basis yield for users on the platform. The move extends the rebranded protocol's first product beyond its own app, letting Robinhood users earn basis yield with automated safeguards and fine-tuned control over their strategies.

• Renzo Basis lets users earn perp basis yield and keep all of it, with automated safeguards
• Availability on Robinhood follows the launch of Renzo Basis and the earlier tease of a Renzo 2.0 yield product starting at 12%+ APY, which the protocol frames as a step up from the roughly 6% it cites as typical for new yield products