The Stability Scope governs the management of the USDS Stablecoin. The USDS Stablecoin must be a permissionless and useful currency available to anyone. Its stability and risk must be managed to generate as much value for Sky and public good as possible.
This Article defines methodologies and processes for optimizing and aligning the Core Stability Parameters, which are designed to stabilize the USDS Stablecoin.
This Section defines the Core Stability Parameters.
The Sky Savings Rate (”SSR”) is the rate USDS holders can earn on their USDS in the Sky Savings Rate smart contracts.
The Sky Savings Rate is determined based on the Dai Savings Rate and the USDS Spread parameter using the following formula:Sky Savings Rate = Dai Savings Rate + USDS Spread