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HypurrFi Halts Operations; Euler Takes Over Mewler Lending Market, Closure Deadline July 15

GateNews
Project Progress
EUL-1.02%

According to ChainCatcher, HypurrFi announced on May 16 it will cease brand operations and transfer its Mewler lending market infrastructure on HyperEVM to Euler for maintenance and operation, with a full shutdown deadline of July 15, 2026.

The protocol has suspended new borrowing on its Pooled market and is progressively reducing lending caps to encourage user migration. USDXL lending rates have been raised to 30% to incentivize early debt repayment. HypurrFi emphasized this is a planned operational decision, not a security incident.

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