Hyperliquid Activates AQAv2, Second HYPE Buyback Engine

TREE NEWS reports: Hyperliquid’s Aligned Quote Assets v2 (AQAv2) mechanism begins accruing revenue today, adding a stablecoin reserve yield stream that will fund HYPE buybacks every 30 days, with first proceeds expected on October 3. The mechanism shares 90% of reserve yield from stablecoins like USDC on Hyperliquid, potentially generating $150-200 million annually, diversifying Hyperliquid’s income beyond trading fees.