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Hyperion DeFi to deploy 500K HYPE for Hyperliquid HIP-3 markets

The Nasdaq-listed firm will place 500,000 HYPE tokens to back institutional perpetual futures markets on Hyperliquid, in exchange for an equity stake in Skew and a share of listing-service revenue.

Reported · Written up by our desk · Market Structure

Hyperion DeFi said it has agreed with Skew Technologies to deploy 500,000 Hyperliquid (HYPE) tokens to support institutional perpetual futures markets on Hyperliquid’s HIP-3 permissionless listings, according to a Wednesday press release.

The deal gives Hyperion an equity stake in Skew and a share of listing-service revenue generated from the platform, as the firms expand the utility of Hyperliquid’s HYPE treasury assets.

Hyperion said the service is designed to help institutional clients launch custom perpetual futures markets on Hyperliquid. Hyperliquid is a layer-1 blockchain focused on perpetual futures trading, and its HIP-3 framework allows developers to launch custom markets by posting HYPE as bonded capital.

Hyperion’s CEO, Hyunsu Jung, said that as the company assessed opportunities in HIP-3, it continued to see demand from teams globally looking to launch and distribute new markets using Hyperliquid’s infrastructure.

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