🚨 Hyperliquid is turning USDC yield into $HYPE deflation.
• USDC reserve revenue flows to the protocol
• ~90% after costs can go to the Assistance Fund
• Funds buy $HYPE from the market
• Purchased $HYPE is permanently burned 🔥
First earnings start Aug. 26, with the first payment expected Oct. 3.
Estimates suggest ~$135M–$160M annualized could go toward HYPE buybacks, depending on USDC supply and reserve yields.
More USDC liquidity → more revenue → more bought → more burned.
• USDC reserve revenue flows to the protocol
• ~90% after costs can go to the Assistance Fund
• Funds buy $HYPE from the market
• Purchased $HYPE is permanently burned 🔥
First earnings start Aug. 26, with the first payment expected Oct. 3.
Estimates suggest ~$135M–$160M annualized could go toward HYPE buybacks, depending on USDC supply and reserve yields.
More USDC liquidity → more revenue → more bought → more burned.