Key facts
- Hyperion DeFi will deploy 500,000 HYPE tokens to support institutional perpetual futures markets on Hyperliquid.
- Hyperion will receive an equity stake in Skew Technologies.
- Hyperion will also receive a share of listing-service revenue from Skew.
- The agreement is designed to help institutional clients launch custom perpetual futures markets on Hyperliquid.
- Hyperliquid is a layer-1 blockchain focused on perpetual futures trading.
Nasdaq-listed Hyperion DeFi has entered into an agreement with Skew Technologies to deploy 500,000 Hyperliquid (HYPE) tokens. This deployment is intended to support institutional perpetual futures markets on Hyperliquid's HIP-3 permissionless listings.
Under the terms of the agreement, Hyperion will gain an equity stake in Skew Technologies and will receive a share of the listing-service revenue generated from the platform. The companies stated that this service is specifically designed to assist institutional clients in launching their own custom perpetual futures markets on the Hyperliquid blockchain.
Hyunsu Jung, CEO of Hyperion DeFi, noted the demand from global teams seeking to launch and distribute new markets using Hyperliquid's infrastructure as a key driver for the initiative. Hyperliquid itself is a layer-1 blockchain that concentrates on perpetual futures trading, with its HIP-3 framework enabling developers to establish custom perpetual markets by utilizing HYPE as bonded capital, thereby expanding the token's utility beyond traditional staking.