Hyperliquid activates AQAv2 to fund HYPE buybacks

Hyperliquid activated AQAv2 for USDC on August 26, directing reserve yield toward its Assistance Fund. Coinbase serves as treasury deployer, while Circle operates USDC’s technical and cross-chain infrastructure for Hyperliquid. Stablecoin deployers share approximately 90% of cost-adjusted reserve yield revenue with the Hyperliquid protocol directly. Revenue accrues across 30-day intervals before reaching the Assistance Fund eight days after completion automatically. October 3 is scheduled for the first payment following an initial implementation grace period officially. Hyperliquid activated its Aligned Quote Asset v2 framework for USDC on Aug. 26, creating another revenue source for the protocol’s HYPE purchasing fund. 据 Digital Asset 报道，Hyperliquid 宣布自 8 月 26 日起正式启动“AQAv2（Aligned Quote Asset v2）”机制下的 USDC 储备收益累积，所获收益将全额用于在二级市场回购并销毁原生代币 HYPE。根据 AQAv2 规则，平台内 USDC 由 Circle 担任技术发行方、Coinbase 担任财库管理方，在扣除运营成本后，约 90%…— 吴说区块链 (@wublockchain12) August 26, 2026 The protocol said approximately 90% of cost-adjusted reserve yield generated from USDC supplied to Hyperliquid will be shared with the network. The revenue will accumulate in 30-day intervals before being transferred automatically to...