USDC Reserves Start Funding HYPE Buybacks as Hyperliquid Receives First $14.58M Payment Hyperliquid received its first $14.58 million USDC payment under the AQAv2 framework, adding a funding source for HYPE buybacks beyond trading fees. Under the mechanism, roughly 90% of cost-adjusted reserve yield generated on USDC supply is shared with the protocol and routed to the Assistance Fund, which purchases HYPE. The first payment covered a 30-day period.