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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 DIRECT_MOM contract manages the breaker for Direct Deposit Modules (D3Ms). The breaker functionality allows a successful governance proposal to disable any or all of the active D3Ms. In practice, this will set the bar parameter to zero, which (contrary to intuition) disables the module by setting the allowed Debt Ceiling to zero. At this point, no further USDS can be minted through the Direct Deposit Module. To reverse the effect, parameters of affected Direct Deposit Modules must be reconfigured with an Executive Vote which is subject to GSM Pause Delay.The risk opened up by this exceptional functionality is that a given line of USDS credit is unexpectedly shut down. This has the potential to disrupt the protocol in question, which may impact Sky indirectly.