Hyperliquid receives first $14.58 million USDC payment under AQAv2 to fund HYPE buybacks
Hyperliquid received an initial 30-day payment of $14.58 million in USDC under its AQAv2 reserve yield framework, providing a new funding stream to purchase HYPE tokens via its Assistance Fund.
Hyperliquid has received its first $14.58 million USDC payment under its AQAv2 reserve yield framework, establishing a new revenue stream to finance HYPE token buybacks beyond trading fees, according to reports by Wu Blockchain and BSCN. The payment covers an initial 30-day period.[1][2]
Under the AQAv2 mechanism, roughly 90% of the cost-adjusted reserve yield generated on USDC supply is shared with the protocol and routed to the Assistance Fund, which uses the capital to purchase HYPE. According to Hyperliquid Daily, users bridge USDC while Circle mints USDC on HyperEVM, enabling the protocol to monetize idle platform capital and collect yield on USDC reserves even when they are not actively traded.[1][2]
Hyperliquid Daily reported that the $14.58 million 30-day payment implies an annualized run rate of approximately $193 million at the current scale. Crypto Briefing noted that infusing USDC reserves into Hyperliquid's buyback program could also enhance liquidity for the HYPE token.[1][3]
Key facts
- Hyperliquid received its first $14.58 million USDC payment under the AQAv2 framework for a 30-day period.
- Under AQAv2, roughly 90% of the cost-adjusted reserve yield from USDC supply is shared with the protocol.
- Reserve yield proceeds are routed to the Assistance Fund, which executes HYPE token buybacks.
- The reserve yield model provides Hyperliquid with a buyback funding stream separate from trading fees.
- Hyperliquid Daily noted the first 30-day distribution implies approximately $193 million annualized at the current scale.
- Per Hyperliquid Daily, users bridge USDC and Circle mints USDC on HyperEVM, allowing Hyperliquid to earn fees on USDC reserves even when untraded.
Sources · 3 sources
- WB
Wu Blockchain@WuBlockchainPost on X ·
USDC Reserves Start Funding HYPE Buybacks as Hyperliquid Receives First $14.58M Payment Hyperliquid received its first $14.58 million USDC payment under the AQAv2 framework, adding a funding source for HYPE buybacks beyond trading fees. Under the mechanism, roughly 90% of cost-adjusted reserve yield generated on USDC supply is shared with the protocol and routed to the Assistance Fund, which purchases HYPE. The first payment covered a 30-day period.
Open source - BS
BSCN@BSCNewsPost on X ·
Hyperliquid Turns USDC Reserve Yield Into HYPE Buyback Firepower Hyperliquid (@HyperliquidX) has received its first $14.58 million USDC payment under the platform’s AQAv2 reserve yield framework. The payment gives Hyperliquid another funding source for hyperliquid:native buybacks beyond revenue generated from trading fees. Around 90% of cost-adjusted reserve yield from USDC supply is shared with the protocol. This portion is routed to the Assistance Fund, which uses the funds to purchase HYPE. The first payment covered a 30-day period under the reserve yield mechanism.
Open source - CB
Crypto BriefingArticle ·
Hyperliquid receives first $15M USDC for HYPE buybacks via AQAv2 protocol The USDC infusion into Hyperliquid's buyback strategy may enhance HYPE token liquidity, potentially boosting market confidence and competitiveness. The post Hyperliquid receives first $15M USDC for HYPE buybacks via AQAv2 protocol appeared first on Crypto Briefing .
Open source