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 platform for lending and borrowing cryptocurrency, is shutting down. Euler Finance will be taking over its functions.
Euler Finance is now responsible for maintaining and running the Mewler contract system on Hyperliquid EVM. Meanwhile, Clearstar Labs will still manage risk for the Prime, Yield, and Earn vaults.
Euler Finance is now managing the Mewler markets, which were previously run by HypurrFi on Hyperliquid EVM. HypurrFi is working with Euler to smoothly transfer all systems and operations. Clearstar Labs…
— HypurrFi (@HypurrFi) May 15, 2026
This change allows HypurrFi to discontinue its brand, having helped start lending on the blockchain since it began in 2025.
The platform confirmed that all funds are secure and available, with no hacks or vulnerabilities detected. The team stated that all HypurrFi Markets are functioning normally and there has been no security incident.
Your deposits, collateral, and existing positions won’t be affected by the change. The lending system on HyperEVM will continue to operate successfully, now under the Euler brand and with risk management provided by Clearstar Labs.
HypurrFi will soon be shutting down its older trading systems, including the pooled market and legacy markets. These systems are planned to be completely closed by July 15, 2026.
You can no longer borrow from most pools, but you can still lend HYPE, USDC, and USDT to allow you to close out your existing loans. We’ve increased the interest rate on USDXL to 30%. To help you move your funds, we’ve also added a tool to easily transfer your positions to Euler Prime or Yield markets.
You can reach HypurrFi Support until May 28th, after which it will no longer be available. The HypurrFi Card and HypurrFi Points are already discontinued. The team has also cautioned users about significant price swings, as lenders are withdrawing funds from the system.
Hyperscan.com will continue to function as a testing and data exploration platform, now working with Enigma. The team emphasized this change was a planned move, not a response to any immediate issues.
HypurrFi website compromise
HypurrFi recently announced that its website, Hypurr.fi, may have been hacked. Founder Androolloyd made the announcement on April 3rd, advising users to avoid using the site.
The HypurrFi team reports that user funds weren’t at risk because the platform’s core smart contracts seemed secure. However, the website and system for borrowing and lending were hacked.
What’s next?
HypurrFi thanks its users for their continued support. They encouraged everyone to join the official Telegram chats for updates and help with the migration process.
If you need more information, please contact support by creating a ticket on the HypurrFi Discord server. Also, be aware that the HypurrFi team wants to remind everyone to be cautious of scammers who may try to impersonate them and send fake links.
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2026-05-15 22:22