Hyperion DeFi engaged with the HyperLend protocol to create a permissioned lending pool native to the HyperEVM.

Hyperion DeFi, Inc. (NASDAQ: HYPD) ("Hyperion DeFi" or the "Company") today announced that it has engaged with the HyperLend protocol ("HyperLend") to create a permissioned lending pool native to the HyperEVM.

Through this pool, Hyperion DeFi will utilize its HYPE Liquid Staking Token (LST), HiHYPE, as collateral to access credit on-chain at more favorable economics, including the ability to earn HyperLend's HPL token. The Company expects to use the proceeds to partially pay down its existing third-party obligations, replacing traditional debt at 8.0% annual cost with a new smart contract-enabled pool at 4.0%. Hyperion DeFi will initially utilize the pool to borrow Native Markets' USDH stablecoin on its own behalf, and selectively open access to other qualified lenders, borrowers, and supportable assets over time.

"This latest partnership with HyperLend builds on several months of work to develop scalable, monetizable infrastructure directly on the HyperEVM," said Hyunsu Jung, Chief Executive Officer at Hyperion DeFi. "As we integrate further into the Hyperliquid ecosystem, we will continue supporting the growth of key protocols that cover liquid staking, lending, and yield enhancement. These integrations accelerate our DeFi flywheel, establishing additional revenue and ecosystem rewards opportunities while supporting the growth of the ecosystem."

"HyperLend was designed to be both permissionless and flexible enough to support gated, private environments, having already processed more than $17B in cumulative volume," added Benjamin Sever, Chief Executive Officer and Co-Founder of HyperLend. "Partnering with Hyperion DeFi to launch this institutional pool ensures that compliant participants have a secure, scalable environment to execute their on-chain credit strategies while leveraging the proven reliability of our core protocol."

Similar to the Company's previously announced Institutional Volatility Income Vault built on Rysk protocol, participants will be gated through HiHYPE (Hyperion Institutional HYPE) ownership, which is minted by staking HYPE to the 'Kinetiq x Hyperion' validator. This structure creates a controlled, institutional-only access model designed to scale alongside the adoption of HiHYPE and USDH, while driving incremental, diversified fee revenue to Hyperion DeFi over time.

The Company expects this on-chain credit infrastructure to attract additional institutional-grade capital and users to HyperEVM, with the long-term objective to support asset-backed finance and other Real-World Asset (RWA) opportunities.

About the Hyperliquid Platform and the HYPE Token

Hyperliquid is a next-generation layer one blockchain optimized for high frequency, transparent trading. The blockchain includes fully on-chain perpetual futures and spot order books, with every order, cancel, trade, and liquidation occurring within 70 millisecond block times. It also hosts the HyperEVM, a general-purpose smart contract platform that supports permissionless decentralized financial applications akin to Ethereum.

HYPE is the native token of Hyperliquid. Staked HYPE provides utility for users via reduced trading fees and increased referral bonuses. As of March 2026, more than 41 million HYPE have been autonomously purchased and sequestered by the blockchain with the trading fees generated on the network's central limit order books.

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