Euler takes over operation of HypurrFi Mewler market, HypurrFi to gradually shut down and complete migration

Odaily Odaily reports that Euler Finance has announced it will take over the maintenance and operation of the Euler contract stack known as Mewler under HypurrFi on the Hyperliquid EVM. A smooth transition of the relevant infrastructure is underway, and Clearstar Labs will continue to serve as the risk manager for Prime, Yield, and Earn vaults. HypurrFi Scale and Pooled Markets will be phased out and undergo an orderly liquidation as planned over the coming weeks. However, all existing markets remain solvent and fully operational, with no security vulnerabilities or emergency parameter adjustments.

During the migration, new borrowing functionality for some Pooled assets has been frozen, but HYPE, USDC, and USDT0 remain available for liquidity provision to allow borrowers to gradually close their positions. Euler emphasized that its isolated lending architecture on HyperEVM will continue to serve as core infrastructure, jointly maintained by Euler and Clearstar Labs.

The HypurrFi team stated that user deposits, positions, and collateral assets remain completely secure, and this adjustment is a proactive strategic migration, not a security incident or protocol failure. According to the plan, Euler Prime and Yield markets will become the primary lending and yield market gateways on HyperEVM going forward. The HypurrFi brand will be gradually phased out, with related support services ceasing after May 28, and the full market liquidation is expected to be completed by July 15, 2026.

HypurrFi also reminds users to be aware of risks and scam links during the migration process, operate only through official channels, and use the built-in migration tool to transfer Pooled positions to either Euler Prime or Yield markets.