Hyperliquid's USDC Reserve Yield Starts Funding HYPE Buybacks
- —Hyperliquid receives roughly 90% of cost-adjusted USDC reserve yield under AQAv2
- —Payments go to the Assistance Fund on a 30-day cycle, eight days after each interval ends
- —A first payment of $14.58 million was reported, but HYPE purchases and burns are not yet confirmed
- —Circle is the technical deployer for USDC, separate from the treasury-deployer role under AQAv2
Why it matters: The new funding route is tied to USDC balances rather than trading volume, diversifying how Hyperliquid finances HYPE buybacks.
Source: Coindoo