Hyperliquid AQAv2 initial funds or repurchase of approximately $20 million HIPE

On 26 August, the first proceeds of the Hyperliquid AQAv2 mechanism are expected to enter the Hyperliquid Assistance Fund on 3 October, and the market expects that the first amount may reach approximately $20 million and be used to repurchase the HYPE. AQAv2 (Aligned Quote Assembly v2) is a stable currency mechanism released by Hyperliquid in May this year, which allows for the "Aligned" qualification of stable coins, including USDC, not issued by Hyperliquid alone. According to publicly available information, AQAv2 returns most of the proceeds of the stabilization currency to Hyperliquid ecology, 90 per cent of which will be allocated to the mechanism and 100 per cent subsequently to buy back and destroy the HYPE tokens. Coinbase was designated as the financial deployment party, with the Circle in charge of the technical deployment, and the two sides would also pledge the HYPE to participate in the mechanism. Analysts expect that the mechanism could add approximately $135 million to $160 million per year to repurchase pressure。