TLDR
- Hyperion will deploy 500,000 staked HYPE under a HAUS agreement with Skew Technologies.
- Skew will use the tokens to meet the bond requirement for launching HIP-3 markets.
- Approximately $33.59 million in assets will support the planned institutional perpetual futures products.
- Through the agreement, Hyperion will receive equity in Skew and a share of listing revenues.
- Currently, Hyperion holds about two million HYPE tokens within its digital asset treasury.
Public Hyperliquid treasury firm Hyperion DeFi has signed a new 500,000 HYPE bond agreement with Skew Technologies. The partnership will support institutional perpetual futures markets on Hyperliquid through an asset deployment worth approximately $33.59 million. Hyperion will provide staked tokens, while Skew will launch products under the network’s HIP-3 framework.
Hyperion Supplies HYPE Through HAUS Agreement
Hyperion will transfer 500,000 staked HYPE to Skew under a HYPE Asset Use Service agreement. Skew will use the assets to meet the Hyperliquid bond requirement for launching custom markets. The arrangement gives Hyperion equity in Skew and a share of listing service revenues.
The agreement allows Hyperion to generate income from part of its digital asset treasury. The Nasdaq-listed company currently holds about two million HYPE tokens, according to available company data. It launched last summer as the first public treasury business focused on Hyperliquid.
The company designed its treasury model around staking, asset deployment, and related revenue opportunities. It has also signed HAUS agreements with other platforms, including RockawayX-backed Silhouette. However, it ended earlier arrangements with Felix and Native Markets during June.
Skew Prepares Institutional Perpetual Futures Markets
Skew plans to create institutional perpetual futures products through permissionless Hyperliquid markets. The framework allows developers to launch custom contracts after posting a 500,000 HYPE bond. Hyperion will supply that required stake, while Skew manages market development and listings.
Skew founder David Gil said the company aims to introduce new market categories on-chain. “Skew is positioned to bring a new class of markets to Hyperliquid,” Gil said. He added that Hyperion’s support provides infrastructure and long-term alignment for product development.
The announcement did not identify the specific assets or sectors planned for the new contracts. Perpetual futures have expanded across crypto, commodities, and equities because they lack expiration dates. Hyperliquid launched HIP-3 last October to widen access to customized derivatives markets.
Agreement Follows Changes Across Trading Network
Hyperion previously supported HIP-3 projects that planned markets using the USDH stablecoin. It later unwound agreements with Felix and Native Markets after the network deprecated USDH. Hyperliquid instead adopted Circle’s USDC as its main quote asset earlier this year.
Coinbase now serves as the stablecoin treasury provider for Hyperliquid under that USDC arrangement. Native Markets had developed USDH before the platform changed its preferred settlement structure. The shift altered several market-building plans linked to earlier treasury deployments.
The blockchain remains unavailable to United States users because the platform applies geographic restrictions. Meanwhile, major derivatives operators have pressed regulators and lawmakers over offshore perpetual futures competition. Hyperion’s new 500,000 HYPE agreement gives Skew the bond needed to develop additional markets on Hyperliquid.
