Hyperliquid, a decentralized perpetuals exchange, has secured $14.6 million in USDC yield. These funds are designated for the buyback and subsequent burning of the HYPE token, a strategy aimed at strengthening the asset's value proposition.
The capital originates from the AQAv2 mechanism, which directs approximately 90% of the platform's cost-adjusted USDC reserve yield to the Assistance Fund. This allocation serves as a supplement to the protocol's existing fee revenue streams.
Additionally, Hyperliquid Labs has scheduled a private sale of 3.75 million HYPE tokens, which is set to take place on October 7. Market participants are currently tracking these financial developments alongside ongoing regulatory inquiries from the House Oversight Committee.
