1. Summary
Deprecate the manual loan flow for Runes collateral and remove its creation path from the Liquidium.WTF application. New Runes loans would be Instant only. Existing manual Runes loans and repayments remain unaffected until closure. This change simplifies the product surface, reduces dead offers and operational overhead, and reflects current usage patterns where Runes borrowing and lending is overwhelmingly Instant.
2. Rationale
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Usage reality: Manual Runes loans now account for a negligible share of volume; Runes activity is dominated by Instant loans (see attached charts shared in the forum thread).
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User experience: Eliminating a low‑used path reduces confusion (“Manual vs. Instant?”), shortens flows, and focuses borrowers/lenders on the most reliable liquidity.
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Operational efficiency: Removes maintenance for a redundant pathway (offer lifecycle, countersignature handling, edge cases), lowering support and engineering surface area.
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Market health: Consolidation into Instant mitigates dead/manual offers and improves orderbook quality, fill‑rates, and predictable settlement.
3. Details
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Scope: Runes collateral only. Ordinals loans (Manual and Instant) are unchanged by this proposal.
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Deletions/Disables:
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Hide/disable creation of Manual Runes loan offers and new manual Runes borrow requests in app & API.
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Cancel open Manual Runes offers at effective date (no fees). Lenders may repost as Instant.
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Grandfathering: All active Manual Runes loans continue under existing terms until repaid/closed; repayments, extensions (if enabled), and liquidations proceed as today.
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Discounts/bonuses & fees: No change to existing platform fee schedule or LIQUIDIUM•TOKEN discount/bonus mechanics.
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Analytics & reporting: Publish post‑change metrics on Runes borrow/lend utilization and fill‑rates during the first weeks after the effective date.
3.1 Backward Compatibility & Migration
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No action required for borrowers with active Manual Runes loans.
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Lenders with open Manual Runes offers will see them auto‑cancelled at the effective date and can recreate as Instant offers.
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Historical data for Manual Runes loans remains queryable in analytics and APIs.
4. Implementation
4.1 Timeline
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Discussion: October 9, 2025 → October 16, 2025 on forum.liquidium.org
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Voting: After discussion, voting will go live on Votico during October 16, 2025 → October 23, 2025
4.2 Governance & Eligibility
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Voting will be conducted on Votico. All LIQUIDIUM•TOKEN and STAKED•LIQUIDIUM holders are eligible to vote, with voting power proportional to holdings.
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To participate, hold LIQUIDIUM•TOKEN and/or STAKED•LIQUIDIUM in a compatible wallet and connect to the voting portal during the voting window.
References (for context):
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Liquidium Foundation: https://liquidium.org/
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App — Runes lending: https://app.liquidium.fi/lend/runes
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Analytics (liquidium.wtf): https://dune.com/liquidiumwtf/liquidium
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Tokenomics / Governance overview: https://help.liquidium.fi/en/collections/12860057-liquidium-token-liq-tokenomics
5. Legal Disclaimer
The Liquidium Foundation is committed to regulatory compliance and adherence to applicable laws. Any governance proposal that is deemed to violate legal, regulatory, or compliance requirements may not be implemented. The Foundation reserves the right to seek legal or regulatory guidance before executing any proposed changes.