HypurrFi Halts Brand Operations, Euler Takes Over Mewler Lending Infrastructure

According to ChainCatcher, HypurrFi, a non-custodial lending protocol on HyperEVM, announced it will gradually phase out brand operations and transfer the Mewler lending market infrastructure based on Euler to Euler for maintenance and operations. HypurrFi stated all markets remain solvent with no security vulnerabilities or protocol attacks; user deposits, collateral, and positions are safe and intact.

HypurrFi Pooled markets will enter an orderly shutdown phase within weeks to months, with new borrowing suspended and lending caps gradually reduced to encourage user migration. USDXL interest rates have been raised to 30% to incentivize early debt repayment. Migration tools are available to transfer positions to Euler Prime and Yield markets, with closure and liquidation of Legacy and Pooled markets expected by July 15, 2026.