Hyperion DeFi, Felix partner for HIP-3 powered perpetual futures market

Hyperion DeFi (HYPD) announced a strategic partnership with HyperEVM protocol Felix, marking a significant milestone in decentralized finance innovation. Under the newly signed HYPE Asset Use Service agreement, Hyperion DeFi will provide the use of 500,000 HYPE to Felix, supporting the protocol’s ability to launch and manage a custom on-chain perpetual futures market using Hyperliquid’s HIP-3 framework. HIP-3 enables the permissionless creation of markets for non-crypto assets – including equities, commodities, and indices, ushering in a new era of decentralized trading. Approved users will gain access to trade Felix-deployed HIP-3 markets, and trading fees will be distributed between the Hyperliquid protocol, Felix and Hyperion DeFi. This initiative not only expands Hyperliquid’s product suite and potential user base but also unlocks new revenue streams for Hyperion DeFi’s staked HYPE assets.