Hyperion DeFi is terminating two significant agreements worth approximately $28.7 million due to the shutdown of the stablecoin USDH. The agreements involve around 800,000 HYPE tokens, which constitute about 40% of Hyperion's total holdings. The larger deal, valued at $18.3 million, involves 500,000 HYPE tokens with the Felix Foundation, supporting USDH-denominated trading in the HIP-3 perpetual contract market. The second agreement, valued at $10.4 million, involves 300,000 HYPE tokens with Native Markets, aimed at supporting the USDH economy. Native Markets returned the tokens on June 3rd, ahead of the June 18th termination date, while the Felix Foundation is set to return its tokens by June 29th.
Hyperion DeFi Unwinds $29 Million in HYPE Agreements Amid USDH Shutdown
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