According to CoinMeta, as reported by Digital Asset, Hyperliquid announced that starting from August 26th, it would officially launch the USDC reserve earnings accumulation under the “AQAV2 ( Aligned Quote Asset V2 )” mechanism. The earnings obtained will be used in full to repurchase and destroy the native token HYPE on the secondary market. According to the rules of AQAV2, within the platform, USDC is technically issued by Circle and the treasury management is handled by Coinbase. After deducting operating costs, approximately 90% of the reserve interest earnings from USDC will be returned and shared with the protocol. These funds will then be automatically transferred to the protocol assistance fund (AF) after a 30-day settlement cycle to carry out HYPE repurchases and permanent destruction of the token. The accumulation of this mechanism began on August 26th, and the first round of earnings is expected to be actually transferred and executed on October 3rd.