Hyperliquid Activates AQAv2 for USDC-Funded HYPE Buybacks

Hyperliquid activated its Aligned Quote Asset v2 framework on Wednesday, August 26, 2026. The system will direct 90% of USDC reserve yield to the Assistance Fund. It creates a second route for buying back HYPE. Yield accrual began on Wednesday, with revenue calculated in 30-day cycles. The proceeds will reach the Assistance Fund eight days after each cycle ends. The first payment is scheduled for…