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
Delisting 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
Last modified 3mo ago
Copy link