Hyperliquid Activates AQAv2 Framework for USDC

Hyperliquid has activated its Aligned Quote Asset v2 (AQAv2) framework for USDC. The framework directs about 90% of the cost-adjusted reserve yield to the Assistance Fund, which uses revenue to buy HYPE tokens on the open market.

The Assistance Fund is managed by Coinbase, while Circle handles USDC's technical infrastructure.

The first revenue payment to the Assistance Fund is expected on October 3, following a 30-day accrual period and an eight-day delay.