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Hyperion DeFi deploys 500,000 HYPE in Skew deal for Hyperliquid markets

Hyperion DeFi deploys 500,000 HYPE in Skew deal for Hyperliquid markets

The Nasdaq-traded company is using about $33.59 million in staked HYPE to back Skew’s planned institutional perpetual futures products on Hyperliquid’s HIP-3 markets, in exchange for equity and listing-service revenue sharing.

USDC
HYPE

Fact Check
The primary GlobeNewswire press release confirms every element of the claim: Hyperion DeFi (NASDAQ: HYPD) deploying 500,000 HYPE under a HAUS agreement with Skew Technologies to back institutional perpetual futures on Hyperliquid's HIP-3 markets in exchange for equity and listing-service revenue sharing. The Block independently corroborates the ~$33.59M value of the 500,000 staked HYPE, and Crypto Briefing confirms the equity plus fixed/scaling revenue-share structure. All three sources agree without conflict.
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Summary

Hyperion DeFi, a Nasdaq-traded company with a large HYPE treasury, said it will deploy 500,000 staked HYPE to Skew Technologies under a HYPE Asset Use Service, or HAUS, agreement to support a new suite of institutional perpetual futures products on Hyperliquid’s HIP-3 permissionless markets. The deployment is valued at about $33.59 million. In return, Hyperion will receive equity in Skew and a share of revenues from the market listing service. The arrangement allows Skew to post the 500,000 HYPE bond required to launch custom perpetual futures markets under HIP-3, while giving Hyperion a way to monetize part of its HYPE holdings. Hyperion has previously signed other HAUS agreements, including with Silhouette, and in June unwound similar staking arrangements with Felix and Native Markets, whose HIP-3 plans had been tied to Hyperliquid’s now-deprecated USDH stablecoin. Hyperliquid later shifted to using Circle’s USDC as its primary quote asset, with Coinbase as its stablecoin treasury provider. Skew founder David Gil said the partnership is intended to expand the range of assets tradable on-chain. The announcement did not specify which markets Skew plans to launch.

Terms & Concepts
  • perpetual futures: Derivatives contracts that do not have an expiration date.
  • HIP-3: Hyperliquid’s framework that lets users launch custom perpetual futures markets by posting a HYPE bond.
  • staked HYPE: HYPE tokens committed for network-related use, including supporting market-launch requirements.