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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 rules pertaining to Sky’s Collateral Portfolio, which consists of several different assets to ensure liquidity.
This Section governs the management of Sky’s Collateral Portfolio.
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Sky must maintain a reserve of at least 20% of the total Dai and USDS Supply held as Cash Stablecoins, or assets and exposure that can rapidly be converted to Cash Stablecoins.
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The mechanism for holding and making Cash Stablecoins available to support the liquidity of Dai and USDS can be upgraded to a superior technical, financial or legal solution by a proposal from the Stability Facilitators through the Operational Weekly Governance Cycle.The Stability Facilitators may specify requirements for how Star Advisory teams deploy USDS generated from their Star Vault.