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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 define an expedited offboarding process in the event a collateral type needs to be removed quickly due to security or solvency concerns.
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The public announcements defined in must still be carried out. However, the timing of these announcements no longer constrains the modification of parameters. These announcements must also state that the offboarding is being expedited and explain the reasons for this accelerated process.