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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.
ADs are strictly prohibited from acting on a Standby Spell unless they have first confirmed all of the following requirements:1. Receipt of the Support Facilitator’s official notification of the emergency scenario in the Emergency Contact Mechanism specified in .2. Receipt of the Support Facilitators’ announcement of a Standby Spell in the communication channel specified in ; and3. All Governance Facilitators have validated the authenticity of the Standby Spell. This validation must fulfill two requirements: (1) the validation must be in the form of a written communication in the secure channel specified in ; and (2) the validation must be provided by the authorized entities listed in .After ADs have confirmed all requirements are met, they must either promptly vote to approve the Standby Spell, or communicate any concerns to the Governance Facilitators and collaborate with the latter for a speedy resolution.