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

GateNews

Project Progress

2026-05-16 16:04:02

EUL-2.88%

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.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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