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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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The subdocuments herein define the process by which Sky vault users should be notified about collateral offboarding.
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The subdocuments herein specify actions to be taken by specific actors within Sky when offboarding a vault type.
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Parameter changes designed to offboard users, such as changes to the liquidation ratio or stability fee, can only be implemented once 14 calendar days have passed following a second public announcement.