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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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Old RWA exposure that was added before Endgame must stay for as long as necessary, and optimized for yield if possible. When it is possible, the Stability Facilitators should take action to wind down and offboard all Legacy RWA. Governance actions related to optimizations, wind down and offboardings can be done directly in Executive Votes with no prior Governance Poll needed.