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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.
The subdocuments herein govern the management of emergencies whose resolution requires an Executive Vote.
A subset of Emergency Spells is Standby Spells.Standby Spells allow Sky Governance to bypass the GSM Pause Delay and directly perform crucial actions such as stopping an oracle, setting a debt ceiling to zero, disabling a D3M integration, or stopping liquidations for a collateral. Standby Spells or the factory contracts used to deploy them are reusable, meaning they can be executed several times if needed, or voted on again on a later date to be executed again.The subdocuments herein specify the authorized use of Standby Spells.
The subdocuments herein define the process for using Standby Spells.
The role of the Support Facilitators in the Standby Spell process is as follows:• Standby Spells can only be used in response to a properly validated and categorized emergency scenario, for which the Support Facilitators are responsible. See and .The decision to use a Standby Spell is reserved for the Support Facilitators; where possible, the Support Facilitators should consult with the responsible Facilitator of the impacted Scope(s) and any relevant Scope Advisor(s). See .• The Support Facilitators must explicitly communicate the decision to use a Standby Spell in the secure, private communication channel specified in or on a “war room” video call.• If the decision to use a Standby Spell is first reached on a video call, the Support Facilitators are required thereafter to promptly document their decision in the secure, private communication channel specified in .• After the Support Facilitators decide to use a Standby Spell, TechOps must promptly trigger an incident to the Emergency Response Group as specified in .