Hyperion, a Hyperliquid-focused treasury firm, enters a new agreement with Skew involving 500,000 HYPE tokens. Under the arrangement, Hyperion deploys the tokens to Skew via a HYPE Asset Use Service (HAUS) agreement. In return, Hyperion receives an equity stake in Skew and a share of revenue generated from listing or related listing-service activities. Both reports describe the deal as part of Hyperion’s broader effort to increase the utility of its HYPE treasury assets by linking token deployment to market-related services.

The agreement is also framed as supporting Hyperliquid’s HIP-3 markets. While the outlets differ slightly in emphasis—one focusing on the bond agreement and HAUS structure, the other on deploying the tokens for HIP-3 market expansion—they agree on the core terms: 500,000 HYPE tokens are provided to Skew, and Hyperion receives equity and revenue participation tied to listing-related services as Hyperion and Skew expand their roles in the ecosystem.