Hyperion DeFi has launched an institutional volatility income vault on the HyperEVM blockchain in partnership with Rysk Finance. The vault uses HYPE liquid staking tokens and stablecoins as collateral for on-chain options strategies, aiming to generate extra yield beyond standard staking. Access is controlled via the HiHYPE token, limiting participation to qualified institutions as Hyperion seeks to expand sophisticated financial products within the Hyperliquid ecosystem.
Hyperion DeFi announced on Feb. 4 a partnership with Rysk Finance to launch an institutional volatility income vault native to HyperEVM. The product is designed for professional participants seeking structured yield within the Hyperliquid ecosystem.
The vault allows the use of HYPE liquid staking tokens and stablecoins as collateral for on-chain options strategies. The goal is to earn returns beyond the normal staking income generated from holding HYPE.
Hyperion intends to use the vault first on its own balance sheet before opening it to other qualified institutions. Access is regulated by HiHYPE, a token that can only be minted by staking HYPE via the Kinetiq x Hyperion validator.
“This partnership is a significant step towards the adoption of Hyperliquid by big money,” said Hyunsu Jung, CEO of Hyperion DeFi. He noted transparent on-chain vaults could improve trade execution and help Hyperion obtain higher yields from its treasury.
Rysk founder Dan Ugolini stated Hyperion is the first major investor to employ volatility income strategies via Rysk Premium. The partnership includes Hyperion’s participation in Rysk’s existing points system, which may lead to future rewards.
The vault is dedicated to native Hyperliquid assets including kHYPE, HiHYPE, and the USDH stablecoin. Hyperliquid is a layer-one blockchain that has used trading fees to purchase and lock over 37 million HYPE tokens as of January 2026.
