Hyperliquid Activates AQAv2 Framework for USDC

Hyperliquid has activated its Aligned Quote Asset v2 (AQAv2) framework for USDC, creating another revenue source for the protocol's HYPE purchasing fund.

The activation directs reserve yield toward Hyperliquid's Assistance Fund, which conducts open-market HYPE purchases using protocol income.

According to the AQAv2 rules, 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 the Assistance Fund eight days later.