According to ME News, on June 7 (UTC+8), Hyperion DeFi, the treasury company behind HYPE, filed documents stating that it terminated its agreement with Felix, a lending protocol on the Hyperliquid platform, to establish a contract market, and will unlock 500,000 HYPE tokens. Additionally, Native Markets, the issuer of USDH, terminated its temporary usage agreement with Hyperion on June 18. The 300,000 HYPE tokens associated with this agreement were returned on June 3. (Source: Foresight News)
Hyperion DeFi to Unwind $29M HYPE Transactions with Felix and Native Markets
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Summary
Hyperion DeFi, a HYPE treasury project on MetaEra, has ended its partnership with Felix, a lending protocol built on Hyperliquid, to develop a derivatives market, and will unstake 500,000 HYPE tokens. On-chain data shows that Native Markets, the issuer of USDH, also terminated its temporary agreement with Hyperion on June 18, with 300,000 HYPE tokens returned on June 3. These actions follow a review of a DeFi exploit and an internal strategic shift.
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