Odaily Planet Daily reports that Euler Finance has announced it will take over the maintenance and operation of the Euler contract stack known as Mewler on Hyperliquid EVM. The related infrastructure is undergoing a smooth transition, with Clearstar Labs continuing to serve as the risk management provider for the Prime, Yield, and Earn vaults. HypurrFi Scale and Pooled Markets will be phased out and liquidated in an orderly manner over the coming weeks, but all existing markets remain solvent and fully operational, with no security vulnerabilities or urgent parameter adjustments required.
During the migration, new borrowing functionality for certain pooled assets has been frozen; however, HYPE, USDC, and USDT0 can still be used for liquidity provision to allow borrowers to gradually close their positions. Euler emphasizes 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 fully secure; this adjustment is an intentional strategic migration, not a security incident or protocol failure. Under the plan, the Euler Prime and Yield markets will become the primary entry points for lending and yield activities on the future HyperEVM; the HypurrFi brand will be gradually phased out, and related support services will be discontinued after May 28. Full market liquidation is expected to be completed by July 15, 2026.
HypurrFi also reminds users to be cautious of risks and phishing links during the migration process—only perform actions through official channels and use the built-in migration tool to move Pooled positions to Euler Prime or the Yield market.