Renzo Protocol has announced a strategic shift in its Reserve vault management, transitioning from Superstate to Bitwise as the investment manager for the USCC tokenized fund, effective June 1, 2026. This move involves rebranding the fund as the Bitwise Crypto Carry Fund, while maintaining the USCC ticker and underlying smart contracts. Superstate will continue to handle on-chain infrastructure, ensuring continuity in the vault's operations. The Reserve vault, which initially launched on December 17, 2025, with over $500 million in assets under management, now reports figures between $260 million and $278 million. The vault integrates USCC as its core yield engine, offering optional leverage of up to 2x through Aave Horizon borrowing. This setup allows users to mint USCC collateral, borrow stablecoins, and redeploy for additional yield, providing flexibility in leverage exposure. The integration with Aave Horizon, which has attracted over $440 million in deposits since August 2025, enhances the vault's yield potential through a composable yield stack.