Listed company Hyperion and Skew have reached an agreement on 500k HYPE bond tokens, jointly expanding Hyperliquid’s institutional perpetual contracts market

Deep Tide TechFlow news: On July 16, according to The Block, the Hyperliquid treasury company Hyperion DeFi (HYPD), which is listed on Nasdaq, announced that it has reached a HYPE asset usage services agreement (HAUS) with Skew Technologies. It will deploy 500k staked HYPE (about $33.59 million) to Skew to support the launch of a new institutional-grade perpetual futures product suite on the permissionless Hyperliquid HIP-3 market. In return, Hyperion will receive Skew’s equity and a revenue share from market listing services.

Earlier, Hyperion had terminated similar staking agreements with Felix and Native Markets because both parties were building their HIP-3 markets based on Hyperliquid’s deprecated native stablecoin USDH. Currently, Hyperliquid has shifted to using Circle’s USDC as its primary quote asset, with Coinbase acting as the stablecoin custody provider.