Hyperliquid treasury seeks revenue boost using HYPE holdings as options collateral

Hyperion DeFi Inc. (NASDAQ: HYPD), which operates the Hyperliquid digital asset treasury, announced plans to generate additional revenue by using its HYPE token holdings as collateral for writing and settling options on the Hyperliquid platform. CFO David Knox clarified that this strategy avoids directional trading or speculation, focusing instead on earning premiums and fees, which will supplement revenue from staking HYPE tokens. CEO Hyunsu Jung stated that deploying transparent, on-chain options vaults via the Rysk protocol on Hyperliquid is expected to improve execution efficiency and yield optimization. Hyperion, which rebranded as a HYPE treasury in mid-2025, currently holds over 1.86 million HYPE tokens, valued at more than $63.5 million. Following the announcement, HYPD shares experienced a significant drop amid a broader crypto market selloff.

(Source：The Block)