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Hyperion to stake 500,000 HYPE for Skew’s HIP-3 perpetual futures

The deal plans to use 500,000 staked HYPE, worth about $33.6 million at announcement, to provide the bond Skew needs for custom HIP-3 perpetual futures on Hyperliquid.

Friday, July 17, 2026 · Written up by our desk · Market Structure

Hyperion DeFi Inc. (NASDAQ: HYPD) said it will deploy 500,000 staked HYPE, valued at about $33.6 million when announced, under a new agreement with Skew Technologies to support an institutional market push on Hyperliquid.

According to Yahoo Finance, Hyperion will use the capital through its HYPE Asset Use Service to supply the bond required for Skew to launch custom perpetual futures products under Hyperliquid’s HIP-3 framework, which lets outside teams create and operate new markets using the exchange’s trading infrastructure.

The arrangement is designed to generate revenue for Hyperion from its token treasury, with the company expected to receive equity in Skew and a share of revenue tied to the listing service. The agreement also includes fixed and scaling components that are not entirely dependent on trading volume.

The commitment represents roughly 25% of Hyperion’s reported 2 million HYPE holdings, Yahoo Finance reported. It also comes as HIP-3 markets have grown to approach about half of Hyperliquid’s daily perpetual futures volume, up from around 2% earlier in the year, while Skew’s near-term roadmap focuses on HIP-3 perpetual futures before any potential expansion into HIP-4 outcome-based products.

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