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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.
All Governance Facilitators must promptly acknowledge receipt of the Support Facilitators’ decision to use a Standby Spell. This acknowledgment must take place in the communication channel specified in .The Governance Facilitators are responsible for actioning the Standby Spell and liaising with the Prime Delegates (and other Aligned Delegates as needed) to gather the necessary support for it.