Deprecated: Legacy Isolated Markets are being sunset. No incentives are active, and no new borrows are allowed. Only repay and withdraw operations are supported. Markets remain live while assets are deposited.
Overview
HypurrFi Legacy Isolated Markets (v1) are single-pair, ring-fenced lending vaults based on Fraxlend’s open-source code. Each market supports exactly one collateral asset and one borrow asset, with all risk contained within that pair.
- No cross-market interaction — collateral in one market cannot back borrows in another
- No shared liquidity pool — each market is fully independent
- No contract changes from upstream Fraxlend
Architecture
Each isolated market is an independent vault with:
- One collateral asset — deposited by borrowers
- One borrow asset — supplied by lenders, borrowed by depositors
- Per-market parameters: Max LTV, liquidation threshold, variable interest rate
- Utilization-based interest rates — higher utilization → higher borrow rates and supplier yields
Key Mechanics
- Deposit: Add the market’s collateral asset to the vault
- Lend: Supply the market’s borrow asset to earn yield
- Borrow: Take the borrow asset using supplied collateral as backing
- Liquidation: If a position exceeds risk limits, liquidators repay debt and seize collateral — only within that specific market
Status
- No new borrows are being accepted
- No incentives are active
- Repay and withdraw operations remain functional
- Markets will remain live as long as assets are deposited
- An incentive campaign encourages migration to HypurrFi Markets or Pooled Markets
Migration Guidance
Existing integrations should plan migration to one of:
- HypurrFi Markets (Euler V2) — for isolated vault use cases with advanced features (EVC batching, sub-accounts, permissionless vault creation)
- Pooled Markets (Aave V3) — for shared-pool lending with combined collateral and E-Mode
No new development against Legacy Isolated Markets is recommended.
Source Code & Audits
References
