what's hypurr finance?
Hypurr Finance is a DeFi protocol built on the Hyperliquid L1 blockchain, enabling users to deposit assets for yield generation and borrow for leveraged positions in a seamless manner. It integrates real-world assets (RWAs), perpetuals (perps), spot trading, lending, and vaults to provide comprehensive financial services within the Hyperliquid ecosystem. Key innovations include hybrid CDP synthetic dollars like $USDXL, backed by stable and yield-bearing assets, allowing debt swaps and repayments at favorable rates to optimize user capital efficiency. The protocol targets DeFi users seeking automated yield strategies, delta-neutral setups, and ecosystem synergies on HyperEVM, positioning itself as a core lending and borrowing hub. Notable integrations include partnerships with protocols like Pendle, Kinetiq, Hyperlend, and Felix, enhancing rewards and point farming opportunities for depositors. As part of the Hyperliquid community, it contributes to NFT value accrual and broader ecosystem growth through revenue-sharing mechanisms.
Hypurr finance built an options trading UI feature.
contract
hyperliquid
hyperevm
Team unstaked 1.4% of their tokens from a larger unlock allocation and restaked those tokens.
97% of fees are directed to the Assistance Fund which buys back HYPE tokens, effectively burning them permanently.
Tokenomics allocate 69.89% of supply to the community.
Founders self-funded the team for several years without raising external capital, according to community commentary.
Built an options trading UI feature.
Holding spot PURR tokens gives users points through a rewards mechanism.
Lending services launch for Hypurrs NFTs with term options of 7, 30, 60, 90, and 365 days.
Neura Vaults launch with 30-40% yield outperformance through 7540 vault packaging of stablecoin arbitrage strategies across multiple protocols.
The protocol issues USDXL, a synthetic stablecoin that is overcollateralized and partially backed by U.S. Treasury bonds bought with protocol revenues.
Hypurrs NFTs trade under $15,000 floor price.
The platform shows 167,431 users on HyperEVM according to user ranking statistics.
PURR, described as the HYPE treasury company, records approximately $7 million in trading volume on its second day of trading with minimal traditional finance interest.
Lending is trading on HypurrFi.
Infinex Craterun promotion features Hypurrs NFTs as winnable prizes alongside premium collections like CryptoPunks and Pudgy Penguins.
$PKMN token is on the way through a collaboration between HypurrFi and phygitals project.
LHYPE tokens gain boosted yield farming through Equilibria integration with full vePENDLE boost on Ethereum. Deposits with LHYPE, stHYPE, or kHYPE earn points across HyperLend, Felix, HypurrFi, and Looping Collective ecosystems.
KNTQ airdrop is now claimable on Hyperliquid for Hypurrs NFT holders at ~$600 per NFT, with swap options to USDH and USDC available for offramp.
9 Hypurrs NFTs were purchased in a single sweep, moving the floor price to 700 $HYPE.
KNTQ TGE set for November 27th at 12pm UTC; Hypurrs holders gain +68% allocation boost and kPoints holders gain +3.8%, with unclaimed allocations redistributed to T&C signers.
BNPL service launches on HyperEVM via Cyan protocol, enabling Hypurrs NFT purchases with 25% down payment and installment payments while maintaining custody and staking benefits.
USDC lending against Hypurrs NFTs is available on Gondi platform with 7-day, 30-day, and 60-day term options.
Fundraising round active via Sonar/Echo platform, with terms signing required for Harmonix Finance users and eligible NFT holders.
$PKMN token launch teased in partnership with phygitals.
HyperEvm points update shows Hypurfi with 8.8 million points, the highest among listed protocols including Hyperlend (310,050), ProjectX (210,015), Kinetiq (12,544), and Felix (6,125).
Hypurrrrrrs NFTs will be distributed as rewards in the Infinex Craterun Campaign crates alongside Pudgy Penguins and Punks NFTs.
LHYPE minters using ValiDAO referral link can now check their Hyperlendx points allocation, with HypurrFi and Felix Protocol integrations coming soon.
Hypurrs NFTs reclaim 900 HYPE floor price during Sunday night trading.
Token allocation event completed with 96% of contributions allocated at $0.43 per token and 1-year lockup period, less than 1% of participants received allocations exceeding 150k tokens.
Hypio and Hypurrs NFTs receive a points multiplier.
Hypurrs NFTs reach new All-Time Low with bids accepted at 813 HYPE.
Hypurrs down $15,000 over the past 24 hours.
Cipher trading platform launch scheduled for next month includes large airdrop allocation for Hypurrs holders as a select group, with early user rewards and new FLYWHEEL technology feature.
$PKMN and Phygitals TGE is coded and ready for deployment, with platform updates in final stages.
PROJECT R.A.I.D. (Rapid ApeCoin Integration Deployment) launches, allowing users to farm points across 8 protocols including Hypurr Finance through an ApeCoin x Hyperdrive collaboration strategy that involves depositing APE, borrowing USDC, and depositing into yield vaults.
Hypurrs NFTs have deep liquidity on GONDI with 750-850 HYPE and 15,000 USDC available on 30-day loan terms at 0% sales fees.
KNTQ tokenomics announce 1% allocation to hypurr holders as part of 25% genesis distribution, with Nov 21st deadline for signing terms and conditions. Core contributors and investors face 3-year lockup with 1-year cliff and 2-year monthly linear vesting.
HIP-3 project introduces $PKMN token in collaboration with phygitals, offering new points stacking opportunities for users.
Hypurr Finance participates in Methamorphosis S3, a collaboration between mETH Protocol and the HyperEVM ecosystem alongside Spectra Finance, HyperSwap, and Hyperbeat.
Platform operates as a yield aggregator for Theo Network's thBILL product, which has over $100M TVL and is backed by regulated treasury exposures.
A points loop strategy allows users to borrow usdxl and add liquidity to a Balancer pool to earn points with neutral rates.
Users depositing HYPE as hwHYPE on Hyperwave earn points from three platforms including Hypurr Finance, Felix Protocol, and Hyperlend.
OG Telegram chat update grants 1 strength point toward Monad airdrop eligibility, allowing users to reach highest tier when combined with Hypurr NFT holder points.
Hypurr NFT holders receive upgrades to highest tier Monad airdrop eligibility (strength score 5) following resolution of technical issues, representing a tier upgrade beyond previously reported "Permanent Underclass" qualifications.
Hypurr NFT traders on OpenSea receive HYPE token rewards through a rewards system, with confirmed distribution of 48 HYPE to one user for trading activity.
User confirms 2 Hypurr NFT wallets successfully qualified for Monad airdrop in "Permanent Underclass" tier, resolving previous eligibility verification issues reported on October 14.
Swype Card integration goes live for Hypurr NFT holders, enabling real-world crypto spending with zero transaction fees and NFT-customizable card skins through partnerships with Hyperlend, Felix Protocol, HyperBeat, and Brahma.
Hypurr NFTs go live on Gondi lending platform with full HyperEVM integration, enabling borrowing against NFTs with 0% fees on buys and sells and loans denominated in HYPE and USDC.
The Monad airdrop claiming portal closes November 3, with ongoing technical issues affecting Hypurr eligibility verification and warnings issued that animated Hypurr NFTs may prevent successful claim linking.
Monad team member Keone confirms investigation into the bug preventing Hypurr holders from showing as eligible for the airdrop.
Hypurr NFTs fail to be recognized in the Monad airdrop eligibility checker despite being on the official eligibility list, with users reporting a potential bug.
Hypurr holders are eligible for the Monad ($MON) airdrop, with the project listed among top NFT collections like CryptoPunks, Azuki, and Pudgy Penguins in the official criteria based on a September 30, 2025 snapshot.
1 Monad Card entitles holders to Hype Airdrop and Hypurr in a multi-project airdrop mechanism.
OpenSea's reward pool now contains 3 Hypurr NFTs after today's additions of 1 Hypurr, 1 CryptoPunk, 3 BAYC, multiple blue-chip NFTs, and $750,000 ETH, with Wave 1 ending in 48 hours.
Hypurr integrated into Infinit Labs' automated DeFi strategies platform as part of HyperEVM Eco Airdrop strategy alongside Kinetiq, HyperLend, and HyperBeat, enabling one-click access to HyperEVM ecosystem airdrop farming.
Hypurrs experiences huge rebounds on the NFT board today, leading the recovery alongside Quine and Pudgy NFTs.
Two Hypurr NFTs purchased by OpenSea for chests and approximately 260k $HYPE tokens have been moved from official reward wallets to a 4-day-old wallet containing only these assets, with no explanation provided for the transfer.
Despite HL whale liquidations, the NFT floor remains above 1000, exceeding bearish expectations of 750.
Major market crash results in billions liquidated and trillions removed from crypto markets, following a recent period where Hypurr NFT airdrops were valued at minimum $60K each.
Two Token Generation Events (TGEs) scheduled for this month on HyperEVM, with multiple ecosystem projects preparing token airdrops expected by November that may provide returns to NFT holders.
Technical issues with EVM routing allegedly causing user losses, with explicit warning against using swap functionality.
Harmonix Finance achieves #1 Fixed Yield vault status on Pendle offering multi-protocol rewards including hypurrfi points, with 30% bonus points for liquidity_land depositors until December.
HypurrFi points now farmable through Pendle's $hakHYPE yield strategy offering ~16% total APR, integrated with Kinetiq and HyperLend for multi-protocol point accumulation with maturity date of November 20, 2025.
New associated project HypurrCap announced, featuring an NFT treasury strategy that converts idle capital into perpetual NFT acquisition.
$vHYPE token launches October 16 with 5M points distributed first week and 10x multipliers for early depositors; NFT holders receive multiplier benefits in the points system.
Unverified claims suggest competitor Aster launching rival NFT airdrop to Aster farmers with benefits including 100x point boost, full lossback, and 0% trading fees, positioning as direct competition.
Collection design reveals 15 "naked ghost" NFTs exist as a distinct rarity tier without any clothing or accessory traits.
NFT rewards mechanism requires pre-activation in rewards tab before purchases, causing user confusion and missed reward accrual.
Chief Aster KOL displays Hypurr NFT as profile picture, indicating possible cross-project engagement or endorsement.
HypurrFi Card spending shows growth with plans to expand availability to all users soon.
HYPSTR token has burn rate twice as high as competitor PNKSTR while trading at 1/23 the market cap, with NFT floor at 1/3 of Punks floor price.
Criticism emerges claiming the project currently has no functioning flywheel mechanism despite previous announcements of an improved version launching soon, with competitor token HYPSTR cited as maintaining market position.
HypurrCap announces launch of a new improved flywheel mechanism scheduled for next week.
New Spend Mode feature powered by Brahma allows users to spend vault assets (USDT0 and USDe) across 150M+ merchants via Swype Cards integration.
Team held a Singapore community event on Tuesday featuring an NFT gallery showcase, builder booths, leadership speech from Jeff, and merchandise distribution, attracting international attendees including many first-time crypto event participants.
NFTs achieve CoinGecko listing and reach top 5 ranking by market cap among all NFT projects.
Flow Battle Season 2 concludes with Hypurr as a partner sponsor, generating $2 billion in trading volume across 3000+ participants, with NFT prize distributions scheduled within 96 hours.
TrueFi deploys treasury funds to bootstrap liquidity for NFT lending on Cyan platform, enabling holders to access credit without selling their assets.
Floor price stands at 1,565 HYPE ($70,000), marking a 30% single-day increase and rapid recovery from a recent dip.
Floor price has risen to 1600 HYPE, representing a 23% increase from the previously reported 1300 HYPE level and indicating continued upward price momentum.
Two tokens ($buddy and $rub) provided 4-6 figure airdrops to related HypioHL holders, establishing precedent for similar distributions to NFT holders.
A whale swept 25 NFTs for $1.7M and immediately distributed them across 25 separate wallets, indicating strategic positioning for expected airdrops from Hyperliquid protocols.
Floor price has recovered to over 1300 HYPE from the 836 HYPE all-time low reported on October 1st, representing significant upward price movement. Rare pieces have established a minimum price threshold of 2000 HYPE.
High-end pieces are priced at approximately $500,000, demonstrating substantial premium pricing above floor for desirable NFTs in the collection.
A sophisticated phishing attack is actively targeting NFT holders through fake animation service offers, with at least one successful theft reported after a victim signed a malicious transaction.
NFT holders receive percentage allocations from protocols on HyperEVM, with multiple pre-TGE protocols present that could provide future distributions to NFT holders.
USDXL yield has dropped to zero, indicating a potential technical or operational issue with the yield product. An NFT was sold at 836 HYPE, described as the all-time low, suggesting significant price depreciation from the previously reported $70k floor.
Significant whale accumulation with $1.2M spent on 10 grail NFTs above floor over 2 days and 6 rare pieces bought consecutively above floor. Initial 24-hour volume generated $60M (1.4M $HYPE).
Holder demographic analysis of approximately 100 wallets shows 50-60% have no other NFTs, indicating the project attracts crypto users from memecoins and perpetuals trading rather than traditional NFT collectors.
Trading volume surpassed BAYC's 24-hour volume record, indicating exceptional market activity.
Multiple HL Community and HypurrCo Gathers meetups are scheduled for this week.
The manual OTC service reports 35 total transactions with 29 successfully delivered within 24 hours, while 4 participants chose to forfeit collateral. Current NFT floor price stands at $70k.
The airdrop occurs with reported market recovery following the distribution.
A 42% APY yield farming opportunity is available for $BTC/uBTC deposits on HypurrFi, with the high rate drawing attention from market participants.
A copycat token called "HypurrStrategy" has been deployed on mainnet within one day of launch, imitating legitimate strategies but functioning as a tax farm scam with no actual automation logic. Additionally, claims about the points page being reset appear unverifiable, with users reporting normal functionality after refreshing.
A new partnership launches offering zero transaction fees through Brahma and custom NFT-inspired spending cards via Swype Card, expanding real-world utility for holders.
A record 1/1 NFT sale occurs at 10,999 HYPE (~$500k USD), while the points page refreshes for the first time since the OG season ended, potentially indicating utility developments starting next week.
Speculation emerges about a potential Monad airdrop with claims that 50% of $MON tokens may be reserved for holders, driving acquisition activity. Market participants anticipate 6-7 figure airdrop values landing on the NFTs.
An NFT worth $65K was sold for only $12, indicating potential market distress or trading errors.
The collection has reached #2 by floor price ($74K) and #4 by market cap ($341M), positioning close to major collections like Pudgy Penguins and BAYC. A related $PURR token is trading on Hyperliquid exchange with reported 100% returns.
Floor prices have increased to approximately $76,000, representing a significant rise from the previously reported $57.6K level.