Key Highlights
- HypurrFi will wind down operations while Euler Finance takes over the Mewler contract stack on HyperEVM.
- The protocol confirmed all markets remain solvent with no exploit or security breach involved.
- Legacy markets will close by July 15, 2026, alongside migration support for users.
HypurrFi, a decentralized finance (DeFi) lending and borrowing protocol, has announced it will wind down its operations, with Euler Finance stepping in to take over.
According to the official announcement, Euler Finance will take over maintenance and operation of the Euler contract stack called Mewler on the Hyperliquid EVM. Clearstar Labs will continue serving as the risk curator for Prime, Yield, and Earn vaults.
The move permits HypurrFi to retire its brand after playing a role in bootstrapping lending activity on the chain since its 2025 launch.
The platform highlighted that all positions are solvent, having no security breach or exploit involved. The team mentioned, “All HypurrFi Markets remain solvent and operational. There is no security breach.”
Deposits, collateral, and positions will stay completely intact at the time of transition. The isolated lending architecture on HyperEVM will carry on thriving under Euler’s brand and Clearstar Labs’ risk management.
HypurrFi’s pooled market and legacy markets are set to be deprecated in the next few weeks, with a planned complete closure date of July 15, 2026.
New borrowing is no longer available across most pools, while the lending of HYPE, USDC, and USDT0 continues to be available in order to enable borrowers to exit their positions. Rates for USDXL have been raised to 30%. A migration wizard has been introduced to facilitate moving positions to Euler Prime/Yield markets.
HypurrFi Support can be accessed till May 28th, and Discord will be discontinued after that. The HypurrFi Card and HypurrFi Points have so far been discontinued. The team has warned about the rate volatility; lenders pull liquidity from the pool.
Hyperscan.com will carry on operating in collaboration with Enigma as a testnet and explorer tool. The team described the decision as strategic instead of reactive.
HypurrFi website compromise
Recently, an important announcement was made by HypurrFi concerning the suspected hacking of their official website, Hypurr.fi. This announcement came through on the 3rd of April from the founder of HypurrFi himself, Androolloyd, who recommended that users should refrain from engaging with the website of the platform.
According to the HypurrFi team, there did not seem to be any danger to user funds because the smart contract protocols of the platform appear to be secure, but the website and lending interface were compromised.
What’s next?
HypurrFi has shown its gratitude to its users for supporting it throughout the entire course. Users were urged to get involved in official HypurrFi community Telegram chats concerning the migration process.
For more information, users should report to support by creating a support ticket on the HypurrFi Discord server. In addition, the announcement came with an important note regarding the security of users. The HypurrFi project warns that users should be extra careful about scammers trying to impersonate the team and provide fake links.
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