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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 temporary measures for implementing the Stability Scope during the transition to the Endgame State.
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This Section defines temporary measures to give effect to the Stability Scope during the Endgame transition.
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The Native Vault Engine will be upgraded to support Star ownership and transferred to the first Star incubated from the Incubator. It is temporarily controlled by Sky Core.While it is under the control of Sky Core, it will have a limited set of collateral types and risk parameters that the Stability Facilitators must implement according to the following subdocuments.
The collateral types of the Native Vault Engine and their parameters are defined in the subdocuments herein.
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Current ETH-A parameters are:• Stability Fee: 6.25%• Liquidation Ratio: 145%• DC-IAM
line: 15,000,000,000 Dai• DC-IAM gap: 150,000,000 Dai• DC-IAM ttl: 21,600 seconds• cut: 99.00%• step: 90 seconds• buf: 110.00%• cusp: 45.00%• tail: 7,200 seconds• chip: 0.10%• tip: 250• chop: 13%• hole: 40,000,000 Dai• dust: 7,500 Dai