HyperLiquid has upgraded its AQAv2 mechanism to automatically maintain a 1:9 USDC balance between contract and treasury addresses in each HyperEVM block. This system, executed through automated on-chain transactions, eliminates the need for manual intervention. Circle oversees the technical deployment, while Coinbase manages the treasury. The AQAv2 mechanism requires stablecoin issuers to distribute about 90% of their cost-adjusted reserve yields to protocol partners. These yields are accumulated over 30 days and transferred to the Assistance Fund on the 8th day post-period. The yield accrual begins on August 26, with the first payment scheduled for October 3.