Last Network's HypurrFi is a decentralized liquidity platform on HyperEVM that combines pooled and isolated markets with a unified order‑book and real‑time swap aggregation to deliver low‑slippage, cross‑chain trading. It includes a native bridge between HyperCore and HyperEVM for atomic asset transfers and offers USDXL, an over‑collateralized synthetic stablecoin minted against blue‑chip crypto assets, all governed by on‑chain risk parameters.
Funding
Funding not disclosed
Founders
Product
Problem
DeFi users often encounter fragmented liquidity across multiple chains, leading to high slippage, limited access to efficient price discovery, and increased exposure to protocol instability. Additionally, obtaining reliable synthetic stablecoins typically requires complex collateral management and lacks seamless integration with existing liquidity pools.
Solution
Last Network addresses these gaps with HypurrFi, a decentralized liquidity platform built on HyperEVM that consolidates pooled and isolated markets under a unified order‑book architecture. The platform employs a swap‑aggregation engine to source optimal routes across internal and external venues, reducing transaction costs and execution risk. Cross‑chain transfer capabilities link HyperCore and HyperEVM, enabling assets to move fluidly without custodial bridges. HypurrFi also offers USDXL, an over‑collateralized synthetic dollar minted against blue‑chip crypto assets, providing a stable unit of account within the same liquidity ecosystem. All operations are governed by on‑chain parameters that enforce risk limits while preserving composability for downstream protocols.
Target Audience
The primary users are DeFi traders, liquidity providers, and protocol developers seeking efficient, cross‑chain liquidity and a reliable synthetic stablecoin within a composable smart‑contract environment. Institutional investors looking for over‑collateralized stable assets also benefit from the platform’s risk controls.
Features
- Pooled markets for shared liquidity and isolated markets for bespoke risk profiles, both accessible via standard ERC‑20 interfaces
- Real‑time swap aggregation that dynamically selects the best price across internal order books and external DEX aggregators
- Native cross‑chain bridge between HyperCore and HyperEVM, supporting atomic transfers with provable finality
- USDXL synthetic stablecoin minting with over‑collateralization thresholds and automated liquidation safeguards
- Permissionless liquidity provision through smart‑contract APIs, enabling third‑party market makers to integrate instantly
- On‑chain governance module for adjusting fee structures, collateral ratios, and market parameters without off‑chain intervention
- Low‑latency settlement engine leveraging HyperEVM’s parallel execution model for high throughput trading