Hyperion DeFi will deploy 500,000 HYPE tokens to Skew Technologies via a HAUS agreement, receiving equity and revenue share from institutional perpetual futures products on Hyperliquid's HIP-3 markets.
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Hyperion DeFi deploys 500,000 HYPE in Skew bond agreement
Hyperion DeFi Inc. will deploy 500,000 HYPE tokens to Skew Technologies through a HYPE Asset Use Service agreement, the companies said Wednesday, in exchange for equity and a share of listing service revenue from institutional perpetual futures products on Hyperliquid's HIP-3 permissionless markets.
"As we assessed opportunities in HIP-3, we continued to receive demand from various teams globally seeking to launch and distribute new markets using Hyperliquid's infrastructure," said Hyunsu Jung, Chief Executive Officer of Hyperion DeFi.
The HAUS agreement establishes a facility for Skew and other qualified partners to launch custom markets on Hyperliquid, expanding Hyperion's revenue-generation strategies on its staked HYPE treasury assets. Hyperion will receive equity participation in Skew and a share of listing service revenues that include both scaling and fixed components independent of trading volumes, according to a press release.
The deal positions Hyperion as a bonded-capital layer for Hyperliquid's HIP-3 ecosystem, where Skew will focus on perpetual futures markets with a development path toward outcome-based products via HIP-4 as that infrastructure matures. Hyperion, the first US publicly listed DeFi company building on Hyperliquid, trades on Nasdaq under HYPD at $3.04 with a market capitalization of $45.85 million, down 77% from its 52-week high of $16.12.
Skew was founded by a team with experience in financial markets and institutional trading. The company develops infrastructure to launch trading products and streamline access to on-chain assets for traders, builders and institutions. David Gil, founder of Skew, said the support from Hyperion provides the infrastructure and long-term alignment to expand the product surface of Hyperliquid.
Hyperliquid is a layer one blockchain optimized for high-frequency trading with fully on-chain perpetual futures and spot order books, processing orders within 70-millisecond block times. As of June, more than 45 million HYPE had been autonomously purchased and sequestered by the blockchain using trading fees generated on the network's central limit order books.
The agreement comes after Hyperion completed a public offering of 2.78 million shares at $3.60 per share in recent weeks, raising gross proceeds of about $10 million to purchase additional HYPE tokens. Analysts at Cantor Fitzgerald and Chardan Capital have set price targets of $6.60 and $7.30, respectively, implying upside from current levels. Chief Executive Jung has purchased 8,000 shares in the open market over the past six months, while Morgan Stanley added 237,567 shares to its position in the first quarter.
This article is for informational purposes only and does not constitute investment advice.
[1] Public Hyperliquid treasury firm Hyperion enters into new 500k HYPE bond agreement with Skew[2] Hyperion DeFi Enters Agreement with Skew Technologies to Launch HIP-3 Perpetual Futures Market and Listing Service[3] Hyperion DeFi deploys 500,000 HYPE tokens under Skew agreement - Investing.com[4] Hyperion DeFi Deploys 500,000 HYPE in HAUS Agreement with Skew Technologies to Expand Institutional Hyperliquid Markets - Quiver Quantitative
