ChainCatcher report: HL HUB (Community) posted on X that Hyperliquid is expected to receive its first AQAv2 reserve yield distribution tomorrow. Approximately $14.5 million in passive yield generated from USDC reserves will be transferred to the Assistance Fund for HYPE buybacks. According to AQAv2’s yield distribution mechanism, Hyperliquid stablecoin deployers must allocate 90% of their reserve yields to the Hyperliquid protocol, with 100% of these funds dedicated to repurchasing and burning HYPE tokens. Stablecoin reserve yield distributions are accrued and settled on a 30-day cycle, with yields automatically transferred to the Assistance Fund on the 8th day after the cycle ends. Official yield accrual begins on August 26, with the first yield payment scheduled for October 3.
Hyperliquid to Receive First AQAv2 Reserve Yield of $14.5M for HYPE Buybacks
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Summary
Hyperliquid is set to receive its first AQAv2 reserve yield of $14.5M on October 3, following Federal Reserve announcements and broader market conditions. The yield, generated from USDC reserves, will be allocated to the Assistance Fund for HYPE buybacks and burns. Under AQAv2’s mechanism, 90% of stablecoin yields are directed to the protocol for token repurchases. Yield accrual began on August 26 and is settled in 30-day cycles. A protocol update ensures that proceeds are transferred to the fund on the 8th day after each cycle ends.
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