On the 26th, the decentralized perpetual futures exchange Hyperliquid revealed the start of a new system, the 'USDC Operational Gains Linked Buyback System (AQAv2)', which allocates operational gains from USDC reserves on Hyperliquid to fund the buyback and burning of Hyperliquid (HYPE). The initial funding for the buyback is scheduled for October 3rd.
AQAv2 involves the USDC reserves on Hyperliquid...
