POPA ReconHyperliquid Activates AQAv2 to Buy Back and Burn HYPE
Hyperliquid Activates AQAv2 to Buy Back and Burn HYPE Hyperliquid activated its AQAv2 framework on August 26, directing the yield earned on its USDC reserves into programmatic buybacks and permanent burns of the HYPE token. Circle acts as technical deployer and Coinbase as treasury manager, with roughly 90% of the reserve yield shared with the protocol and moved in 30-day cycles to the Assistance Fund, which executes the HYPE buybacks and burns. Yield accrual begins on August 26, and the inaugural payout and first execution are scheduled for October 3. The mechanism converts idle stablecoin…
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