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The Hyperliquid team is directing almost all core operations toward deflationary HYPE. Just 2 hours ago, the first USDC reserve profit share under the AQAv2 mechanism was generated—approximately 14.58 million USDC was transferred to Hyperliquid's Assistance Fund (AF) for mandatory buyback and burn of HYPE. Under the AQAv2 mechanism, 90% of the net profits generated from USDC reserves on Hyperliquid will be automatically routed to the AF every 30 days. Once in the AF, mandatory buyback and burn of HYPE will be executed. The entire process is free from human intervention and guaranteed by code.
