Nasdaq-listed company Hyperion DeFi Inc. announced that it will use its held HYPE tokens as collateral for options to increase treasury income. The company states that this strategy does not involve directional trading or speculation, but rather generates premiums and fees through options writing and settlement, combined with HYPE staking yields. Hyperion plans to deploy on-chain options vaults on Hyperliquid, with technical support from Rysk, and may open to other institutional HYPE holders in the future. Data shows that as of early December last year, Hyperion held approximately 1.86 million HYPE tokens, with a market value of about $63.5 million. (The Block)

HYPE0,39%
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