Hyperion DeFi terminates approximately $29 million worth of HYPE agreements with Felix and Native Markets.

CoinFeed reported on June 8th that, according to Crypto Briefing, Hyperion DeFi, the first publicly listed Hyperliquid treasury company, is dissolving two agreements totaling approximately $28.7 million, involving about 800,000 HYPE tokens, representing about 40% of its total holdings. This is because the stablecoin USDH supporting these transactions has essentially ceased operations. The larger agreement was with the Felix Foundation for 500,000 HYPE tokens, valued at $18.3 million as of March 31st. This agreement supported USDH-denominated trading activities in the HIP-3 perpetual contract market. The second agreement was with Native Markets for 300,000 HYPE tokens, valued at $10.4 million on the same day, aimed at broader support for the USDH economy.