The initial funding could reach $20 million, with proceeds from Hyperliquid AQAv2 to be used to repurchase HYPE.

According to Odaily Planet Daily, the first tranche of returns from Hyperliquid's AQAv2 mechanism is expected to enter the Hyperliquid Aid Fund on October 3rd. The market anticipates the initial funding to be approximately $20 million, which will be used to buy back HYPE tokens. AQAv2, or Aligned Quote Asset v2, is a stablecoin mechanism announced by Hyperliquid in May of this year, allowing stablecoins not exclusively issued by Hyperliquid, including USDC, to obtain "Aligned" status. According to public information, AQAv2 will return the majority of stablecoin returns to the Hyperliquid ecosystem, with 90% allocated to the relevant mechanism, subsequently used entirely for buying back and burning HYPE tokens. Coinbase has been designated as the funding provider, and Circle is responsible for technical deployment; both parties will also stake HYPE to participate in the mechanism. Analysts predict that this mechanism could add approximately $135 million to $160 million in HYPE buyback pressure annually.