Hyperion DeFi, Inc. (NASDAQ: HYPD) announced it had entered a HYPE Asset Use Service (HAUS) agreement with Skew Technologies to deploy 500,000 HYPE tokens to support new institutional perpetual futures products on Hyperliquid’s HIP-3 permissionless markets.
The deal establishes Hyperion as a bonded-capital layer for institutional market launches, with the company receiving equity in Skew and a share of listing service revenues. Skew will focus on market operations while partners focus on product development and distribution.
The HAUS agreement and institutional market infrastructure
This HAUS deal lets Skew and other partners roll out custom markets on Hyperliquid, helping Hyperion earn more from its staked HYPE treasury. Hyunsu Jung, Hyperion DeFi’s CEO, noted that they “continued to receive demand from various teams globally seeking to launch and distribute new markets using Hyperliquid’s infrastructure.”
The setup lets institutional clients focus on their own products and growth while Skew handles the heavy lifting of market operations. Skew founder David Gil said the partnership offers “the infrastructure and long-term alignment to innovate, supporting new market categories and expanding the product surface of Hyperliquid.”
The Hyperliquid ecosystem and HYPE token
Hyperliquid is basically a Layer-1 (L1) blockchain designed for super fast, transparent trading, boasting 70-millisecond block times alongside fully onchain perpetual futures and spot order books. Staking HYPE gives you some cool perks, like lower trading fees and even better referral bonuses.
As of June 2026, over 45 million HYPE have been automatically bought up and tucked away by the blockchain, all thanks to trading fees racked up on the network’s central limit order books.
Hyperion DeFi holds the title of the first U.S. publicly listed DeFi company to build on Hyperliquid, which essentially gives investors direct access to one of the fastest-growing and most revenue-generating blockchains out there right now.
The bond-capital model: A template for institutional DeFi
This deal is setting a fresh blueprint for how institutional capital can participate in DeFi without locking up tokens directly. Under the HIP-3 framework, launching a custom perpetual market requires a 500,000 HYPE “alignment capital” bond, a significant barrier to entry.
Their HAUS agreement basically lets them lend their staked position to Skew, so Skew can get the market up and running without having to scramble and lock up half a million HYPE on their own.
This structure is pretty smart because it flips those staked tokens into actual equity and steady revenue streams for Hyperion. They get a set cut of the revenue no matter what the trading volume looks like, which is great for downside protection, while also snagging an extra boost that scales with growth.
The risk lies in slashing: if a market operator misbehaves or triggers technical failures, Hyperion could lose a substantial portion of its deployed capital. Hyperion holds 2 million HYPE tokens across multiple agreements, positioning itself as a bonded-capital layer for Hyperliquid’s institutional ecosystem.
