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:
Low supply and low liquidity that user can hardly leverage
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
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