s/danrobinsonHYPE BUYBACKS•Oct 3
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Hyperliquid directs $14.58M in USDC yield toward HYPE buybacks
Hyperliquid’s first reserve-yield payment has put $14.58 million in USDC toward future HYPE buybacks. Hyperliquid Eco reported that 14,580,777 USDC had been sent to the System Interest Address and was awaiting transfer to the Assistance Fund.
The setup turns yield from USDC held on Hyperliquid into recurring HYPE market purchases that effectively burn the tokens. The first payment covers September reserve yield, with future payouts tied to the platform’s USDC reserves.
The setup turns yield from USDC held on Hyperliquid into recurring HYPE market purchases that effectively burn the tokens. The first payment covers September reserve yield, with future payouts tied to the platform’s USDC reserves.
Timeline2
Oct 2
Hyperliquid announced that USDC reserve revenue would begin funding HYPE purchases.
Oct 3
Hyperliquid Eco reported that the first AQAv2 reserve-yield payment of 14,580,777 USDC had been made and was awaiting transfer to the Assistance Fund.
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Oct 3