Hyperliquid Treasury Looks To Boost Income Using HYPE As Options Collateral

Publicly listed digital asset treasury Hyperion DeFi plans to generate fresh revenue by using its HYPE token holdings as collateral in onchain options markets. The company said it will focus on earning premiums and fees rather than speculating on token prices.

Hyperion’s CFO David Knox clarified that the strategy avoids directional trading. Instead, the firm will provide collateral for writing and settling options, with income coming from option premiums and platform fees. This revenue will add to returns already generated through staking its HYPE tokens.

The initiative will be launched through transparent, onchain options vaults built directly on Hyperliquid. Hyperion CEO Hyunsu Jung said this approach should improve execution efficiency and pricing while optimizing yields on existing HYPE reserves.

The vault is being developed with support from the Rysk protocol, which enables fully onchain options strategies like covered calls and cash-secured puts. Over time, Hyperion aims to open the vault to other institutional HYPE holders.

Despite the plan, Hyperion shares fell over 13% amid a broader crypto market sell-off.

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