hypurrfi

The HyperEVM native non-custodial lending protocol HypurrFi announced that it will gradually cease brand operations and transfer the lending market infrastructure based on Euler on HyperEVM to Euler for maintenance and operation.HypurrFi stated that all markets currently remain solvent and operational, with no security vulnerabilities or attacks on the protocol. User deposits, collateral, and positions are all safe and intact. Clearstar Labs will continue to serve as the risk curator for the Prime, Yield, and Earn vaults.The announcement stated that the HypurrFi Pooled market will enter an orderly shutdown phase over the next few weeks to months, with new lending currently suspended and lending limits gradually reduced to encourage user repayment migration. The USDXL interest rate has been raised to 30% to incentivize borrowers to repay their debts early. In addition, HypurrFi has launched a migration tool to help users transfer their positions to the Euler Prime and Yield markets. It stated that future Hyperliquid support will gradually be integrated into the official Euler UI.HypurrFi emphasized that this adjustment is a proactive operational decision, not a security incident or emergency. The Legacy and Pooled markets are expected to complete closure and liquidation by July 15, 2026.

HyperEVM's native non-custodial lending protocol HypurrFi stated on platform X that there is a "rounding error" vulnerability in versions prior to Aave V3 3.5. Under specific conditions, an attacker could extract underlying tokens by repeatedly executing supply/extract and borrow/repay loop operations.The affected markets are XAUT0 and UBTC in HypurrFi Pooled. Currently, user funds are not at risk. To ensure safety, related markets have suspended new supply and lending operations, while withdrawal and repayment functions remain operational, and other markets are running normally. HypurrFi added that it quickly identified the issue on-chain through its internal monitoring system and promptly froze the affected markets. They are also collaborating with other Aave deployers and security researchers to address the issue and have invited other Aave fork projects to reach out for more security information.

HyperEVM's native non-custodial lending protocol HypurrFi stated on platform X that there is a "rounding error" vulnerability in versions prior to Aave V3 3.5. Under specific conditions, an attacker could extract underlying tokens by repeatedly executing supply/extract and borrow/repay loop operations.The affected markets are XAUT0 and UBTC in HypurrFi Pooled. Currently, user funds are not at risk. To ensure safety, related markets have suspended new supply and lending operations, while withdrawal and repayment functions remain operational, and other markets are running normally. HypurrFi added that it quickly identified the issue on-chain through its internal monitoring system and promptly froze the affected markets. They are also collaborating with other Aave deployers and security researchers to address the issue and have invited other Aave fork projects to reach out for more security information.