Four new stock tokens have been added to Renzo Basis: NVDA, GOOGL, SNDK & QQQ 📊
Users can automatically earn high $USDG yields on these names entirely in their own account. Powered by @Lighter_xyz & @RobinhoodCrypto.
Deposit now: https://t.co/wt59fM6TgW
Popular Q-As we've been getting:
Do I need to hold PURR to use the PURR strategy?
Nope. Every asset on Renzo Basis is a strategy. You deposit $USDC or robinhood:0x5fc5360d0400a0fd4f2af552add042d716f1d168.
For instance, $PURR is at ~28% APR from funding right now. It means your stables earns the yield and your [assets+yields] are redeemable in USDC
The Weekend Roundup!
The biggest growth opportunity is staring you in the face, and you're worried about minor ticks and squiggly lines! 🧵
This past week we launched Renzo Basis on @RobinhoodCrypto and @Lighter_xyz, expanding support from @HyperliquidX. We're adding more tokenized equities and integrating cross-venue strategies as institutions grow their share of the on-chain equities market.
We're working on massive partnerships that will blow your socks off once announced. Institutions are here, but MNDAs require us to stay discreet.
Next week we’ll have @Maven11Capital on X Spaces discussing Renzo Basis and how capital is being deployed on-chain. Drop your questions in the comments!
Enjoy the weekend, fam 🤌🏻
Join us and @Maven11Capital next week as we discuss Renzo's new direction and how we're unlocking the basis trade for everyone.
🔉 Wednesday, October 14th @ 3PM ET on X Spaces
Set your reminders now: https://t.co/kpOEdfTtTB
Renzo implementing more basis strategies by expanding to Lighter as well, starting with $SPY.
More tokenized equity strategies on the way, like QQQ, NVDA, TSLA, etc.
From earlier there are several basis yield products implemented from Hyperliquid. With more strategies and traction in general, $REZ will sooner or later get a bid that will surprise many, since revenue will flow back to the token.
Renzo x Lighter is live now
Another big milestone hit by the @RenzoAI team, expanding their product 🤝
Honestly surprised at the speed they been delivering ethereum:0x3b50805453023a91a8bf641e279401a0b23fa6f9
Renzo is leveraging @Lighter_xyz to bring automated tokenized equity basis yields to the @RobinhoodCrypto ecosystem.
Users automatically earn optimized stock token basis yields in their own accounts.
Live now, starting with $SPY. Many more assets to come.
Any users that still hold $ezETH on the @blast network should bridge to Mainnet as soon as possible.
Assets that remain on the chain when it shuts down will not be recoverable.
Extremely bullish on basis yield projects
Equity perps is a 41.5 trillion usd market opportunity: Ethena offchain and Renzo onchain
The basis yield barbell ethereum:0x3b50805453023a91a8bf641e279401a0b23fa6f9
Renzo Basis is printing. The automated $PURR basis strategy is generating an average 41.4% APR on USDC.
Depositors earn high yields and additional Basis Boost campaign rewards automatically.
Get started now: https://t.co/wt59fM6TgW