Delisting COPI from Liqwid

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Summary

This proposal seeks to remove the COPI token as both a collateral and debt asset within the Liqwid protocol. The change is prompted by Cornucopias’ rebranding to Infinity Rising and the associated token migration, which renders the existing COPI token obsolete.

Following a successful governance vote, users will only have the option to close their existing COPI positions (whether using COPI as collateral or as a borrowed asset).

On Tuesday, November 11, 2025, at 12:00 UTC, the Loan-to-Value (LTV) ratio for all COPI-backed and COPI debt positions will be set to zero (0). This change will trigger the immediate liquidation of any remaining COPI positions within the Liqwid protocol.

A potential future listing of the RISE token may be considered once the migration process is complete and sufficient on-chain liquidity has been established.

Reasoning for removing COPI token as collateral

The Cornucopias project has recently undergone a rebranding to Infinity Rise. As part of this transition, a new token — RISE — will be introduced, while support for the existing COPI token will be discontinued across both decentralized and centralized exchanges (DEXs and CEXs) by November 13, 2025.
In light of this rebranding and upcoming token migration, we propose a full delisting of the COPI token to ensure protocol integrity and safeguard user positions.

Wind-down steps for COPI as collateral, implemented after a successful vote

If this vote is accepted, the Liqwid Core Team will immediately:

  1. Modify the front-end to prevent users from:
    • Adding more COPI as collateral.
    • Increasing the debt of existing COPI-backed loans
    • Opening new COPI-backed loans

  2. Users with existing COPI-backed loans will still be able to repay their loans, withdraw COPI collateral, or add new collateral. Loans with multi-collaterals (incl. COPI) will be able to function normally for the non-COPI part.

  3. Develop and communicate clear information to users about the status of COPI following the successful on-chain vote on Discord and Twitter.

  4. On Tuesday, November 11, 2025 at 12h00 UTC, the Liqwid Team will change the parameters to 0% LTV for the COPI token used as collateral on Liqwid.

Do you support this proposal?

  • Yes, I support the delisting of the COPI token.
  • No, I do not support the delisting of the COPI token.
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