Hyperion DeFi unwinds approximately $28.7 million in HYPE agreements, involving 800,000 HYPE or about 40% of its total holdings

Odaily reported  Hyperliquid's treasury company, Hyperion DeFi, is unwinding two agreements totaling approximately $28.7 million, involving about 800,000 HYPE tokens, representing roughly 40% of its total holdings. The stablecoin USDH backing these two transactions has effectively ceased operations. The larger of the two is a 500,000 HYPE agreement with the Felix Foundation, valued at $18.3 million as of March 31, which supported USDH-denominated trading activities in the HIP-3 perpetual contract market. The second is a temporary usage agreement for 300,000 HYPE with Native Markets, valued at $10.4 million on the same date, aimed at broader support for the USDH economy.