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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 current exceptions to the GSM Pause Delay are specified in the subdocuments herein.
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The LINE_MOM contract manages the breaker for the Debt Ceilings of a configurable subset of the vault types in the Sky Protocol. This Debt Ceiling Breaker allows a successful governance proposal to reduce the debt ceilings of a pre-configured whitelist of vault types to zero without waiting for the GSM Pause Delay to expire.The Debt Ceiling Breaker affects both the Debt Ceiling and the Maximum Debt Ceiling of a given vault type when activated, disabling the Dynamic Debt Ceiling functionality for that vault type if enabled. To reverse the effect, parameters of affected vault types must be reconfigured with an Executive Vote which is subject to GSM Pause Delay.The whitelist may be configured via a successful governance proposal, but must wait for the GSM Delay before changes come into effect. The whitelist is defined in and can be changed via the Weekly Governance Cycle.