Hyperliquid AQAv2's inaugural funding round may enable a buyback of approximately $20 million worth of HYPE

BlockBeats News, August 26th, the first earnings from the Hyperliquid AQAv2 mechanism are expected to enter the Hyperliquid Treasury on October 3rd. The initial funding size is estimated to be around $20 million, which will be used for HYPE buyback.

AQAv2 (Aligned Quote Asset v2) is a stablecoin mechanism announced by Hyperliquid in May this year, allowing stablecoins, including USDC, that are not exclusively issued by Hyperliquid to qualify for "Aligned" status.

According to public information, AQAv2 will return most of the stablecoin earnings to the Hyperliquid ecosystem, where 90% of the earnings will be allocated to the relevant mechanism, and then 100% will be used for HYPE buyback and burn. Coinbase is designated as the fund deployment party, Circle is responsible for technical deployment, and both parties will stake HYPE to participate in the mechanism.

Analysts estimate that this mechanism could add approximately $135 million to $160 million in annual HYPE buyback pressure.