|
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.
View Provenance
The subdocuments herein define the process by which Sky vault users should be notified about collateral offboarding.
View Provenance
The subdocuments herein define an expedited offboarding process in the event a collateral type needs to be removed quickly due to security or solvency concerns.
View Provenance
When a collateral type threatens the security or solvency of the Sky Protocol, an expedited offboarding is in order. Expedited offboardings override the timeline specified in and allow the immediate modification of all relevant parameters.Expedited offboardings must proceed pursuant to the following requirements:• The Offboarding Proposal must state that the offboarding should be expedited due to an emergency or urgent concern, as defined in .• Explicitly and clearly reference this Atlas document.