In this work I briefly review some of the effects of hyperons on the properties of neutron and proto-neutron stars. In particular, I revise the problem of the strong softening of the EoS, and the consequent reduction of the maximum mass, induced by the presence of hyperons, a puzzle which has become more intringuing and difficult to solve because of the recent measurements of the unusually high masses of the millisecond pulsars PSR J1903+0327 (1.667 ± 0.021M⊙), PSR J1614-2230 (1.97 ± 0.04M⊙), and PSR J0348+0432 (2.01 ± 0.04M⊙). Some of the solutions proposed to tackle this problem are discussed. Finally, I re-examine also the role of hyperons on the cooling properties of newly born neutron stars and on the so-called r-mode instability.
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