Hyperliquid will receive the first AQAv2 reserve income distribution tomorrow, approximately US$14.5 million to repurchase HYPE

Odaily Planet Daily News HL HUB (Community) posted on the X platform that Hyperliquid is expected to receive the first AQAv2 reserve income distribution tomorrow (October 3). Approximately $14.5 million in passive income generated by USDC reserves will flow into the Assistance Fund and be used to buy back HYPE.

It is reported that the revenue sharing mechanism of AQAv2 stipulates that Hyperliquid stablecoin deployers need to allocate 90% of the reserve revenue of the stablecoin to the Hyperliquid protocol, and 100% of these revenue will be used to repurchase and destroy HYPE tokens. The reserve revenue sharing of the stablecoin is cumulatively settled in a 30-day cycle, and the revenue will be automatically transferred to the Assistance Fund on the 8th day after the end of the cycle. The formal revenue accrual will start on August 26, then on 10 The first earnings payment is made on the 3rd of the month.