Hyperion DeFi to use HYPE tokens as options collateral to boost revenue

Nasdaq-listed Hyperion DeFi, a strategic investor in Hyperliquid (HYPE), has announced plans to use its HYPE token holdings as collateral for options to generate additional revenue. According to The Block, Hyperion CFO David Knox explained, "Our strategy is not directional trading or speculation. Instead, we aim to provide the necessary collateral for writing and settling options, earning revenue through premiums and fees." He added that this income will supplement the returns generated from Hyperion's HYPE token staking. As of early December of last year, Hyperion held over 1.8 million HYPE, valued at approximately $64 million.