预计每年贡献2亿美元回购HYPE，Hyperliquid AQAv2收益分成机制8月26日启动

Odaily Planet Daily News Hyperliquid's AQAv2 stablecoin model protocol has previously received support from 19 of 26 validators, with revenue accrual expected to officially commence on August 26. Circle has transferred approximately $4.4 billion USDC to Coinbase on HyperEVM via the AQAv2 mechanism, setting a record for the largest single USDC transfer on HyperEVM. The first revenue payment is expected to enter the Assistance Fund on October 3. AQAv2 (Aligned Quote Asset v2), unveiled by Hyperliquid in May this year, allows stablecoins not exclusively issued by Hyperliquid, including USDC, to qualify for "Aligned" status. According to public information, AQAv2 returns the majority of stablecoin revenue to the Hyperliquid ecosystem, with 90% of proceeds allocated to the relevant mechanism, subsequently used 100% for buybacks and burns of HYPE tokens. Coinbase has been designated as the fund deployment party, with Circle handling technical deployment, and both parties will also stake HYPE to participate in the mechanism. The mechanism previously required stablecoins to be Hyperliquid-exclusive assets; AQAv2 removes this restriction and focuses on HIP-4 standardized markets and perpetual contract markets operated by validators. AQAv2 is expected to generate up to approximately $200 million in revenue, capturing token value through the HYPE buyback and burn mechanism.