HypurrFi Halts Brand Operations; Euler Takes Over Mewler Lending Infrastructure on HyperEVM

According to BlockBeats, HypurrFi, a non-custodial lending protocol native to HyperEVM, announced on May 15 that it will halt brand operations and transfer the Mewler lending market infrastructure built on Euler to Euler for maintenance and operation. All markets remain solvent and operational with no security vulnerabilities reported.

HypurrFi’s Pooled markets will enter an orderly shutdown phase lasting weeks to months. The protocol has suspended new borrowing and will gradually reduce lending caps to encourage user migration. USDXL lending rates have been increased to 30% to incentivize early debt repayment. HypurrFi has launched a migration tool for users to transition positions to Euler Prime and Yield markets. Legacy and Pooled markets are expected to be fully closed and liquidated by July 15, 2026.