Hyperliquid digital asset management company Hyperion DeFi Inc. (Nasdaq: HYPD) announced that it will use its held HYPE tokens as collateral for options to generate additional revenue. The company's Chief Financial Officer David Knox emphasized that this strategy does not involve directional trading or speculation, but rather earns option premiums and fee income by providing collateral for opening and settling options, combined with HYPE token staking yields. Hyperion CEO Hyunsu Jung stated that by deploying transparent on-chain options vaults on the Hyperliquid platform, the company aims to improve counterparty execution efficiency and pricing, while further optimizing the HYPE token's yield performance. Hyperion is collaborating with Rysk Protocol to launch on-chain options vaults. Rysk Protocol supports mature options strategies, including covered calls and cash-secured puts, all executed on-chain to provide convenience for institutional investors.