Hyperliquid Treasury Company Hyperion DeFi submits an 8-K filing stating that due to the imminent discontinuation of the stablecoin USDH, the company will terminate two HYPE deployment agreements related to Felix Foundation and Native Markets. According to data as of March 31, the two agreements involve a total asset value of approximately $28.7 million, corresponding to about 800k HYPE tokens, of which 500k HYPE tokens will be unstaked and returned to the company in late June, and an additional 300k HYPE tokens were returned on June 3. Hyperion stated that the recovered HYPE will be redeployed into other strategies. (The Block)

HYPE0.14%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
Add a comment
Add a comment
MultisigOnRocks
· 11h ago
The stablecoin race is too competitive; it's normal for USDH to not hold up. The key is how to play the HYPE afterward.
View OriginalReply0
BlueberryStakingMachine
· 11h ago
800k HYPE recovered and redeployed, Hyperion's move this time counts as timely stop-loss, waiting to see the new strategy
View OriginalReply0
GateUser-34d2b0ab
· 11h ago
Felix and Native Markets have been cut, Hyperliquid ecosystem contracts, short-term negative impact
View OriginalReply0
BugBountyBuddy
· 12h ago
USDH just stops when it says stop; the stability of DeFi protocols still can't withstand the test.
View OriginalReply0
  • Pinned