Euler takes over HypurrFi Mewler market operations, HypurrFi will 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. The relevant infrastructure is undergoing a smooth transition, and Clearstar Labs will continue to serve as the risk manager for the Prime, Yield, and Earn vaults. HypurrFi Scale and Pooled Markets will be phased out and undergo an orderly liquidation over the next few weeks as planned. However, all existing markets remain solvent and operating normally, with no security vulnerabilities or urgent parameter adjustments.

During the migration process, new borrowing functions for some Pooled assets have been frozen, but HYPE, USDC, and USDT0 can still be used for liquidity provision, allowing 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 safe. 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 entry points on HyperEVM in the future; the HypurrFi brand will be gradually phased out, and related support services will be closed after May 28. Full market liquidation is expected to be completed by July 15, 2026.

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