HypurrFi has announced a phased shutdown of its brand operations, with Euler taking over Mewler's lending market infrastructure

BlockBeats News, May 15th, HyperEVM-native non-custodial lending protocol HypurrFi announced that it will gradually cease its branding operations and transfer the Euler-based Mewler lending market infrastructure on HyperEVM to Euler for maintenance and operation. HypurrFi stated that all markets currently remain solvent and operational, with no security vulnerabilities or protocol attacks. User deposits, collateral, and positions are all safe and intact. Clearstar Labs will continue to serve as the risk curator for the Prime, Yield, and Earn treasuries.

The announcement stated that the HypurrFi Pooled market will enter a phased shutdown period lasting from weeks to months. New borrowing has been temporarily suspended, and borrowing limits will be gradually reduced to facilitate user repayment migration. The USDXL rate has been increased to 30% to incentivize borrowers to repay their debts early. In addition, HypurrFi has launched migration tools to help users migrate their positions to the Euler Prime and Yield markets. It noted that future Hyperliquid support will be gradually integrated into the Euler official UI.

HypurrFi emphasized that this adjustment is part of a proactive operational decision, not a security incident or emergency. The Legacy and Pooled markets are expected to complete their shutdown and liquidation by July 15, 2026.