# 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