🛑Delist

Delist Standard

If a token meets ANY condition below in the past 30 days, it is considered to be delisted:

• Low supply: less than $50k USD value

• Low collateral value and borrowing: Less than $50k collateral and $50k borrowing in USD value

• Security issue

These standards are targeting tokens which are:

1. Low supply and low liquidity that user can hardly leverage

2. High liquidity but low usage that no one wants to leverage or borrow against

Delist Procedure

Phase 1

(Execution in the following order)

• Announcement of delisting

• Pause Supply & Pause Borrow

• Reserve Factor 100% & Change IRM to raise borrow rate

Phase 2

• Announcement of the collateral factor change

• Collateral Factor 0%

• Move to deprecated category on UI