Hyperion DeFi to Reclaim 800,000 HYPE Following USDH Sunset, Unwinds Two Agreements on June 22-29

According to Hyperion DeFi's Friday 8-K filing, the Dallas-based company will reclaim approximately 800,000 HYPE tokens by unwinding two major deployment agreements tied to USDH, the Hyperliquid ecosystem stablecoin being phased out. The 800,000 HYPE represents roughly 40% of Hyperion's disclosed 2 million HYPE treasury and will be redeployed into higher-yielding strategies.

Hyperion will unstake 500,000 HYPE from its Felix Foundation agreement on June 22, with full token return expected by June 29. The separate 300,000 HYPE from Native Markets was already returned on June 3 following that agreement's June 18 termination. The two arrangements, worth a combined $28.7 million as of March 31, were built around USDH infrastructure now being deprecated as Coinbase deploys USDC as the aligned quote asset on Hyperliquid.