Hyperion DeFi, a Nasdaq-listed treasury company, has entered into a HYPE Asset Usage Service Agreement with Skew Technologies, deploying 500,000 staked HYPE (valued at approximately $33.59 million) to support Skew's new institutional-grade perpetual futures products on the Hyperliquid HIP-3 market. This strategic move aims to expand the Hyperliquid institutional perpetual contract market. In exchange for its investment, Hyperion will gain equity in Skew and a share of the revenue from market listing services. This agreement follows Hyperion's decision to terminate previous staking agreements with Felix and Native Markets, which were based on the now-deprecated USDH stablecoin. Hyperliquid has since transitioned to using USDC, with Coinbase as the stablecoin vault provider.