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. 1.
    Low supply and low liquidity that user can hardly leverage
  2. 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