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The Governance Scope regulates the governance processes and balance of power of the Sky Ecosystem. The Governance Scope must ensure that the resilient equilibrium of Sky Governance remains protected against all potential direct and indirect threats.
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This Article governs the correct and secure execution of Sky Governance processes for deploying and reviewing Executive Votes. This Article must protect against all forms of attacks, disruption and accidental failure by maximizing the transparency and resilience of the Sky Executive Process.
This subdocuments herein define critical processes and requirements concerning the Governance Security Module (GSM) Pause Delay.
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The GSM (Governance Security Module) Pause Delay parameter sets the minimum amount of time after an Executive Vote has passed before changes will come into effect in the Sky Protocol. Once an Executive Vote passes, the GSM Pause Delay must pass before the changes within that Executive Vote can affect the Sky Protocol. The Sky Protocol only has one GSM Pause Delay, and all parameter changes are subject to it. The GSM Pause Delay is usually expressed in terms of hours.It is possible to move functionality outside of the GSM Pause Delay; however, this requires additional engineering work. A list of exceptional functionality can be found in .
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Adjusting the GSM Pause Delay parameter is a manual process that requires an Executive Vote. Changes to the GSM Pause Delay are subject to the pre-change GSM Pause Delay.An increase to the GSM Pause Delay parameter should be considered if the risk of governance attack is considered especially high for whatever reason. In the past, the GSM Pause Delay has been increased due to the risk from flash loans combined with increasing liquidity of the MKR token on the open market.A decrease should be considered if time-critical governance actions are projected to be needed in the near future. For example, if extreme market volatility is expected, it may be beneficial to reduce the GSM Pause Delay temporarily to allow Governance to better react to the changing conditions.