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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.
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This Article defines key economic parameters relating to Sky Protocol Surplus, including the Surplus Buffer and Smart Burn Engine.
The current Surplus Buffer Splitter parameters are:• vow.hump: 120m (Threshold of Surplus buffer for Splitter to activate)• Estimated Net protocol Income: 100,765,523• 50% of estimated net protocol income is sent to Splitter: 50,382,762 (for SBE and Seal Module, remaining 50% is accumulated in Surplus Buffer). This value must be regularly updated through an executive vote to continue to target 50% of the estimated net protocol income.• vow.bump: 25,000 DAI• splitter.hop: 15,649 seconds• 70% of Splitter allocation is set to accumulate SKY• 30% of Splitter allocation is set to reward Seal users• burn (the percentage of the vow.bump to be moved to the underlying flapper): 70% (0.70 * WAD). Flapper must maintain its legacy values.