According to @Uniswap and @dYdX sources, currently there are no major decentralized or centralized exchanges offering options trading, such as writing put options, specifically for the $HYPE token. Most DeFi protocols like Opyn, Lyra, and Ribbon Finance primarily support options trading for top cryptocurrencies such as ETH and BTC, not lower-cap tokens like $HYPE (source: Uniswap, dYdX, Opyn official documentation). For traders seeking to hedge or short $HYPE, perpetual futures or spot trading on decentralized exchanges may be alternatives, but writing puts is not supported for this token at this time. Always verify token contract addresses and available products before trading to manage risk effectively (source: Opyn, Lyra, official protocol docs).