WuBlockchain
Arete Capital Managing Partner McKenna estimates that roughly $6.21 billion in USDC associated with Hyperliquid's AQA v2 wallet, combined with a 30-day SOFR of about 3.65%, implies an indicative yield near 3.10%. If roughly 90% of the revenue flows to the Assistance Fund, the estimate points to about $193 million in annualized revenue.
Why it matters
At approximately $527,000 per day, that implied flow could create corresponding buyback pressure for HYPE. The calculation links AQA v2's stablecoin balance and yield to a potential token demand channel through the Assistance Fund.
Market impact
The figures are indicative rather than official Hyperliquid disclosures. They depend on on-chain balances, the assumed SOFR rate and the roughly 90% revenue share. For the HYPE case, the key variables are whether AQA v2's USDC balance and realized yield hold, and whether the implied revenue reaches the Assistance Fund.
Frequently asked questions
-
What assumptions underpin Hyperliquid's AQA v2 revenue estimate?
The estimate uses roughly $6.21 billion in USDC associated with AQA v2, a 30-day SOFR of about 3.65%, and an indicative yield near 3.10%.
-
How much of the estimated revenue could flow to the Assistance Fund?
If roughly 90% of the revenue flows to the Assistance Fund, the estimate reaches about $193 million annually, or approximately $527,000 per day.
-
Why could the estimate matter for HYPE?
The projected daily flow could create corresponding buyback pressure for HYPE, linking AQA v2 balances and yield to a potential token demand channel.
-
Are the $193M and $527K figures official Hyperliquid disclosures?
No. The figures are estimates based on on-chain balances and interest-rate assumptions, not official Hyperliquid disclosures.
-
What variables determine the estimated HYPE buyback pressure?
The calculation depends on AQA v2's USDC balance, the yield assumption and the share of revenue directed to the Assistance Fund.
Lookonchain
CoinTelegraph
Whale Alert
TheBlock
Crypto Rank News
CoinDesk