BTC $63,392.15 +0.73%
ETH $1,898.29 +1.07%
BNB $604.05 -0.33%
XRP $0.9975 -0.12%
SOL $75.45 +0.41%
TRX $0.3323 +0.38%
DOGE $0.0702 +0.70%
ADA $0.1733 -1.40%
BCH $204.13 +0.28%
LINK $9.43 +0.37%
HYPE $59.47 +3.58%
AAVE $86.14 +0.49%
SUI $0.6757 -0.09%
XLM $0.1578 +0.66%
ZEC $509.95 +5.03%
BTC $63,392.15 +0.73%
ETH $1,898.29 +1.07%
BNB $604.05 -0.33%
XRP $0.9975 -0.12%
SOL $75.45 +0.41%
TRX $0.3323 +0.38%
DOGE $0.0702 +0.70%
ADA $0.1733 -1.40%
BCH $204.13 +0.28%
LINK $9.43 +0.37%
HYPE $59.47 +3.58%
AAVE $86.14 +0.49%
SUI $0.6757 -0.09%
XLM $0.1578 +0.66%
ZEC $509.95 +5.03%

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The Hyperliquid USDC reserve income sharing mechanism will launch on August 26, with an expected annual contribution of $200 million to buy back HYPE

The AQAv2 stablecoin model protocol of Hyperliquid has previously received support from 19 out of 26 validators, and the relevant mechanism is expected to officially start accruing yields on August 26. Meanwhile, Circle has transferred approximately $4.4 billion USDC to Coinbase via the AQAv2 mechanism on HyperEVM, setting a record for the largest single USDC transfer on HyperEVM.If everything proceeds as planned, the yields generated by AQAv2 will begin accruing on August 26, with the first payment expected to enter the Assistance Fund on October 3. AQAv2 (Aligned Quote Asset v2) is a stablecoin mechanism announced by Hyperliquid in May this year, allowing stablecoins, including USDC, which are not exclusively issued by Hyperliquid, to qualify as "Aligned." According to public information, most of the stablecoin yields from AQAv2 will be returned to the Hyperliquid ecosystem, with 90% of the yields allocated to the relevant mechanism, and subsequently, 100% used for the buyback and destruction of HYPE tokens.Coinbase has been designated as the fund deployment party, while Circle is responsible for technical deployment, and both parties will also stake HYPE to participate in the mechanism. The mechanism previously required stablecoins to be exclusive assets of Hyperliquid, but AQAv2 has removed this restriction and will focus on the HIP-4 standardized market and the perpetual contract market operated by validators. According to relevant public disclosures, AQAv2 is expected to generate up to approximately $200 million in revenue and further enhance token value capture through the HYPE buyback and destruction mechanism.

Gate event market launches leaderboard, esports section, and activities for the five major leagues, with a prize pool of 200,000 USDT opened

According to the official announcement, the Gate event market has recently launched a leaderboard incentive system and simultaneously launched an esports section and the "Five Major Leagues Opening Celebration" event, further expanding diverse interactive scenarios in sports and esports. The first phase of the points activity will officially start on August 17 at 18:00 (UTC+8). Users can participate after upgrading the Gate App to version v8.32 or above. The activity adopts the mechanism of "Earn Cards through Trading --- Scratch Cards for Rewards --- Climb the Leaderboard --- Weekly Settlement," where users can obtain scratch cards by completing valid event contract trades and have the chance to receive rewards such as USDT, event points, and experience vouchers; the top 100 users on the weekly leaderboard can also share the points prize pool based on their rankings.At the same time, the Gate esports section aggregates popular events such as Dota 2, League of Legends, CS2, and Valorant, providing match pairings, real-time scores, prediction probabilities, and trading information, and supports event subscriptions and match start reminders, helping users conveniently browse and participate in event interactions.In addition, from August 12 at 16:00 to August 31 at 16:00 (UTC+8), Gate is launching the "Five Major Leagues Kickoff Carnival" event, with a total prize pool of 200,000 USDT. Users participating in designated football event contracts can receive kickoff gifts, loss compensation, and leaderboard rewards, further enhancing the interactive experience of football events and event contracts.
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