
0xTurch
7.2K posts

0xTurch
@therealturch
developing @nativemarkets // prev. @uniswap @GalaxyHQ @hodlwithledn TradFi rates & fx derivs // views my own








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bull thesis for hyperliquid is that it's a better trading platform than the existing tradfi alternatives: 24/7 perps on all markets + a design that allows for extensibility & deeper liquidity as more exchanges are built on top for US: if they win w/ a USD-backed stablecoin then that extends USA dominance of the dollar globally

Dear Everyone, @HypurrFi is winding down and transitioning its Prime and Yield markets to @eulerfinance. There is no security breach, there is no exploit. All markets are healthy and solvent. We believe that lending and derivatives make HyperEVM a standout place to build in not just crypto, all of technology. That belief remains unshaken, which is why we are proud to hand over infrastructure management back to Euler to manage these powerful markets on the best chain for finance. The demand for Euler markets is significant, and we’re excited to see how Euler and Clearstar grow finance on hyperliquid. But the economic reality of building as HypurrFi does not add up. People need to be paid, security needs to be constant. Simply put, there is not an ethical economic path forward for HypurrFi. The math doesn’t math. I have given this protocol and chain my energy, heart, and soul. Nothing about this sunset changes my belief in Hyperliquid as a massive change in how we build onchain and how we interact with finance globally. I bought and earned every HYPE I own, I paid for an NFT in 2025. No airdrop, no grants, just belief based on available information. I am not going anywhere. Hyperliquid. What is actually happening to the millions of TVL in HypurrFi? The HypurrFi UI will remain online for users to withdraw, Legacy and Pooled Market's will be settled and shut down by July 15th, you are encouraged to unwind and migrate promptly. The Pooled Market has been adjusted to prevent more debt from being issued, HYPE/USDC/USDT0 remain available for supply to give borrowers time to repay, the remaining markets have been frozen for new borrow and lend. USDXL rates will be set at 30% to incentivize repayment long before market closure, the time to repay is now, if you need liquidity you can mint from the USDXL page with USDT0 while markets are operational. HypurrFi Support will remain available until May 28th, after which Discord will be closed. A migration tool has been added to the UI, check the relevant dashboards to help guide your migration positions to an appropriate Euler market. Hyperliquid support will be added to the Euler UI over the coming days. Hyperscan.com will continue to be available, we are working with Enigma to keep it running and expand its capabilities as a testnet explorer The HypurrFi Card and HypurrFi Points have been discontinued I’m happy to talk to partners, friends, and competitors about this situation. It wasn’t easy. Please be graceful as the team is working with Partners to ensure the transition to Euler is strong, and we remain online to help lenders and borrowers navigate the transition. PLEASEPLEASEPLEASE be careful with your OpSec during this period. Any disruption to normal activity is a haven for scammers. Verify you have official links ONLY. DO NOT USE GOOGLE to fund HypurrFi locations, use official X accounts, verify in DMs if you have an existing chat with team, do not reply to imposters. Stay safe.









