Renzo Protocol is reshuffling the engine under the hood of its Reserve vault. The liquid restaking protocol has announced that its managed vault strategy will transition from Superstate to Bitwise as the investment manager for the USCC tokenized fund, effective June 1, 2026.
The vault now integrates USCC as its core yield engine with an added twist: optional leverage of up to 2x through Aave Horizon borrowing.
What’s actually changing
Bitwise will take over management of the USCC fund and rebrand it as the Bitwise Crypto Carry Fund. The USCC ticker and underlying smart contracts stay the same, which means the plumbing doesn’t change, just the people turning the wrenches.
Superstate, which originally built and managed the fund, will remain responsible for on-chain infrastructure. So the transition is more of a management handoff than a full-scale migration, a distinction that matters for anyone worried about smart contract risk.
