- Hyperion DeFi committed $33.59M in staked HYPE through Skew to support institutional perpetual futures markets on Hyperliquid’s HIP-3 infrastructure framework.
- Partnership gives Hyperion equity in Skew while creating revenue from market listings and treasury deployment strategies using HYPE holdings efficiently.
- Hyperliquid replaced USDH with USDC as its primary quote asset while regulatory scrutiny persists around perpetual futures trading markets.
Hyperion DeFi is deploying approximately $33.59 million worth of staked HYPE tokens through a new agreement with Skew Technologies to support institutional perpetual futures markets on Hyperliquid. The Nasdaq-listed company will provide 500,000 staked HYPE under a HYPE Asset Use Service agreement, gaining equity in Skew and a share of future market listing revenue.
According to the press release, the partnership allows Skew to meet the staking requirement to launch custom perpetual futures markets through Hyperliquid’s HIP-3 permissionless infrastructure. Consequently, Hyperion can generate additional value from its HYPE treasury while maintaining exposure to the digital asset.
Perpetual futures have become an important segment of the crypto derivatives market because they allow traders to hold positions without expiration dates. Moreover, permissionless market creation has encouraged projects to introduce specialized trading products on blockchain networks.
Also Read: XRP Supply Shock: XRP Reserve on Binance Plummets to 5-Month Low – Details
Hyperion Expands Treasury Strategy Through HIP-3
Hyperliquid introduced the HIP-3 framework last October to let developers launch custom perpetual futures markets. Each market requires a 500,000 HYPE bond, creating an economic commitment for market operators. Under the latest agreement, Skew will use Hyperion’s staked HYPE to satisfy that requirement. Additionally, Hyperion will receive an ownership stake in the company alongside a share of revenue generated from the listing service.
According to Skew founder David Gil, the partnership gives the company long-term support to develop a broader range of on-chain markets. He added that Skew plans to build proprietary products while also working with partners to introduce additional market categories.
However, the announcement did not identify the specific perpetual futures markets Skew intends to launch. Hyperion launched last year as a digital asset treasury company focused on the Hyperliquid ecosystem. Data shows the company currently holds approximately two million HYPE tokens, which it actively deploys through staking strategies.
Previously, Hyperion entered similar HAUS agreements with ecosystem participants, including RockawayX-backed Silhouette. Meanwhile, the company ended arrangements with Felix and Native Markets in June because both projects relied on Hyperliquid’s discontinued USDH stablecoin.
Hyperliquid Builds Momentum Across Crypto Markets
Hyperliquid has also adjusted its broader ecosystem strategy. Instead of relying on the native USDH stablecoin, the network selected Circle’s USDC as its primary quote asset. Additionally, Coinbase became the platform’s stablecoin treasury provider.
The Layer 1 blockchain has attracted growing interest as perpetual futures trading expands across the digital asset industry. At the same time, HYPE remains among the few major crypto tokens that have delivered positive returns during recent market weakness.
Meanwhile, regulatory developments surrounding perpetual futures remain active in the United States. CME Group recently challenged the Commodity Futures Trading Commission over approvals involving perpetual futures products. Reports also indicate CME and Intercontinental Exchange have urged regulators and lawmakers to increase oversight of blockchain-based perpetual futures platforms.
Hyperliquid remains geo-blocked in the United States. Even so, Hyperion’s latest agreement strengthens its treasury strategy while providing Skew with the resources needed to expand institutional trading products across the HIP-3 ecosystem.
Also Read: BlackRock Revives Bitcoin Buying With $138.9 Million ETF Purchase as Demand Returns
