TechFlow news, July 16, according to The Block, Nasdaq-listed Hyperliquid treasury company Hyperion DeFi (HYPD) announced a HYPE Asset Utilization Service Agreement (HAUS) with Skew Technologies, deploying 500,000 staked HYPE (approximately $33.59 million) to Skew to support its launch of a new set of institutional-grade perpetual futures products on the Hyperliquid HIP-3 permissionless market. In return, Hyperion will receive equity in Skew and a revenue share from market listing services.
Previously, Hyperion had terminated similar staking agreements with Felix and Native Markets, as both built HIP-3 markets based on Hyperliquid's abandoned native stablecoin USDH. Currently, Hyperliquid has shifted to using Circle's USDC as the primary quote asset, with Coinbase serving as the stablecoin vault provider.
