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Hyperion DeFi to deploy 500K HYPE for Hyperliquid HIP-3 markets

Hyperion DeFi to deploy 500K HYPE for Hyperliquid HIP-3 markets
Cointelegraph TeamCointelegraph TeamCointelegraph

Nasdaq-listed Hyperion DeFi said it entered an agreement with Skew Technologies to deploy 500,000 Hyperliquid (HYPE) tokens to support institutional perpetual futures markets on Hyperliquid’s HIP-3 permissionless listings.

Under the agreement, Hyperion will receive an equity stake in Skew and a share of listing-service revenue generated from the platform, according to a Wednesday press release.

The companies said the service is designed to help institutional clients launch custom perpetual futures markets on Hyperliquid.

“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.

Hyperliquid is a layer-1 blockchain focused on perpetual futures trading. Its HIP-3 framework lets developers launch custom perpetual markets by posting HYPE as bonded capital, creating new utility for the token beyond staking.

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Cointelegraph Team

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