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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 Native Vault Engine risk parameters are defined in the subdocuments herein.
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The Debt Ceiling Limit is numerically provided and acts as an upper limit. The Stability Facilitators can propose changes within this limit. Debt Ceiling Limit = Unlimited is defined as large enough to avoid being reached in the near future. The DC-IAM methodology contained in acts as a risk mitigation tool. It limits the rate at which exposure can increase in a short period of time in the event of an unexpected emergency.