Woofun AI reports that Bybit has introduced an Inverse Perpetual contract for HYPEUSD, utilizing HYPE as both the collateral and settlement asset. This derivative product supports leverage ratios of up to 20 and operates on a 24/7 basis.

HYPE serves as the native token of the Hyperliquid ecosystem, a high-performance L1 on-chain derivatives protocol. The inverse contract structure allows users to trade directly with HYPE collateral, eliminating the need to convert holdings into USDT. This mechanism facilitates risk hedging or return enhancement for long-term HYPE holders.