I'm not sure variance is at all related to this particular feature (maybe you could expand on your thinking?), but I also don't think the classical inheritance

I'm not sure variance is at all related to this particular feature (maybe you could expand on your thinking?), but I also don't think the classical inheritance techniques for solving this problem are appropriate. I assume you're referring to, say, having an Iterator or Future base class and returning that. This unfortunately imposes costs like virtual calls and allocations, and is in fact already possible in Rust via trait objects (a function can return Box<Iterator<...>>, which is an allocation containing the data along with a vtable of virtual function pointers to manipulate that data). The impl trait feature is designed to allow returning closures and other unnameable/complicated types with no unnecessary cost, it's the same as returning a struct in C without compromising on programmer niceties.