> For the complete documentation index, see [llms.txt](https://docs.renzofinance.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.renzofinance.com/faq.md).

# FAQ

Common questions and answers. This page will be updated as our product suite evolves.

### General FAQs

<details>

<summary><strong>What do I need to get started?</strong></summary>

USDC in a fresh clean wallet, plus a little gas. Minimums depend on the strategy and venue: Hyperliquid-based strategies may need at least $12 to open a position. On an unsupported network, you'll be prompted to bridge first.

</details>

<details>

<summary><strong>Does Renzo Finance take custody of my funds?</strong></summary>

No. Renzo never holds your funds. When a strategy trades for you, it uses a key that can trade but never withdraw. Key can be terminated anytime by user.

</details>

<details>

<summary><strong>Does renewing the key affect strategies that are already running?</strong></summary>

No. Renewal only extends the validity for the permissions.

</details>

<details>

<summary><strong>What happens if I forget to renew before the 90 days end?</strong></summary>

You select expiry behaviour on the deposit screen. The position is either closed or left open and unmanaged, depending on your preference.

</details>

<details>

<summary><strong>Can I revoke the key and approve a new one later?</strong></summary>

Yes. The trading key can be revoked at any time and a new key can be approved when you wish to continue.

</details>

<details>

<summary><strong>Can I use the same Hyperliquid account to trade manually?</strong></summary>

No. Manual activity on the same account changes the positions the strategy is managing and can also render the agent key inactive. We recommend using a separate account for manual trading.

</details>

<details>

<summary><strong>What happens if I approve another trading key directly on Hyperliquid?</strong></summary>

It can replace the existing approval and conflict managing your position. We recommend using a separate wallet for running Renzo Basis.

</details>

<details>

<summary><strong>Can the key be issued for longer than 90 days?</strong></summary>

No. 90 days is the maximum validity. You can always renew before the said period.

</details>

<details>

<summary><strong>Do I need to sign every trade the strategy makes?</strong></summary>

No. The single approval covers the trading actions of the strategy for the validity period.

</details>

<details>

<summary><strong>Will I be notified before the key expires?</strong></summary>

There are no notification channels yet in the current version. You choose what happens at expiry when you deploy the strategy, and the position is handled according to that setting. You can review or change it at any time in the auromation panel.

</details>

<details>

<summary><strong>Where is the trading key stored and who holds it?</strong></summary>

Trading keys are stored individually in an encrypted format and are only decrypted at the time of usage via a hardware signer; they are never stored unencrypted.

</details>

<details>

<summary><strong>Does approving or revoking a key cost anything?</strong></summary>

No. There is no fee to approve or revoke a trading key.

</details>

<details>

<summary><strong>What should I do if my main wallet is compromised?</strong></summary>

Treat it as you would any compromised wallet. Close open positions, withdraw your funds to a wallet you control, and revoke the trading key. Renzo has no control over a compromised wallet and cannot recover funds moved from it. The trading key itself cannot withdraw or transfer, so it is not the route an attacker would use.

</details>

### BTC Basis Yield

<details>

<summary><strong>How does this strategy earn yield?</strong></summary>

The strategy holds spot BTC, and shorts an equal BTC perpetual on Hyperliquid and collect the funding. Yield represents the funding, minus fees. It aims to earn whether BTC rises or falls.

</details>

<details>

<summary><strong>If BTC crashes, do I lose money?</strong></summary>

Price direction isn't the risk here. Spot and short offset each other, so your value stays roughly flat as BTC moves. Sharp rallies are what pressure the short leg, and the Safety buffer shrinks the position when that happens.

</details>

<details>

<summary><strong>What happens when funding turns negative?</strong></summary>

Funding moves with the market and can turn negative in some periods. The Yield guard watches for this and steps out of the position once it starts costing you.

</details>

<details>

<summary><strong>What do the Conservative, Balanced, and Aggressive presets mean?</strong></summary>

Each preset sets how much leverage the short leg uses, which decides the trade-off between how much funding you earn and how much room the position has before a BTC rally puts it at risk.

* **Conservative (2x):** smallest short, so the biggest safety margin and the lowest yield. BTC has to rally a long way before the Safety buffer needs to act.
* **Balanced (3x):** steady yield with a solid safety margin.
* **Aggressive (6x):** largest short, so the highest yield and the smallest safety margin. A much smaller rally is enough to put the position under pressure.

</details>

<details>

<summary><strong>What protects my position if something goes wrong?</strong></summary>

Three guards run on your position, and you choose how they respond:

* **Hedge guard:** it restores balance when a leg disappears, by re-balancing or exits.
* **Yield guard:** steps out when funding turns costly.
* **Safety buffer:** shrinks the position by adding more margin to the perp on a big rally.

</details>

<details>

<summary><strong>Can the trading key move my funds?</strong></summary>

No. The key is a trading-only key: it gives the guards permissions to adjust and close your position, never withdraw.

</details>

<details>

<summary><strong>What fees do I pay?</strong></summary>

Renzo charges a 5 bps (0.05%) builder fee on every fill, plus Hyperliquid's trading fee, discounted 4% when you trade through Renzo, and any slippage. Rebalances and guard actions are fills, so the builder fee applies to those too.

</details>

### HYPE Basis Yield

<details>

<summary><strong>How does this strategy earn yield?</strong></summary>

The strategy holds spot HYPE, and shorts an equal HYPE perpetual on Hyperliquid and collect the funding. Yield represents the funding, minus fees. It aims to earn whether HYPE rises or falls.

</details>

<details>

<summary><strong>What do the Conservative, Balanced, and Aggressive presets mean?</strong></summary>

Each preset sets how much leverage the short leg uses, which decides the trade-off between how much funding you earn and how much room the position has before a HYPE rally puts it at risk.

* **Conservative (2x):** smallest short, so the biggest safety margin and the lowest yield. HYPE has to rally a long way before the Safety buffer needs to act.
* **Balanced (3x):** steady yield with a solid safety margin.
* **Aggressive (5x):** largest short, so the highest yield and the smallest safety margin. A much smaller rally is enough to put the position under pressure.

</details>


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