Hyperion DeFi to use HYPE token reserves as options collateral to expand revenue streams

On Wednesday, Hyperion DeFi Inc. (NASDAQ: HYPD) said it plans to deploy its HYPE token holdings as collateral in on-chain options vaults on Hyperliquid to generate additional income from premiums and fees. The firm emphasized it will avoid directional trading, instead targeting yield on its more than 1.8 million HYPE tokens while working with the Rysk protocol to structure covered options strategies, even as its shares dropped over 13% following the announcement.