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 Section defines temporary measures to give effect to the Stability Scope during the Endgame transition.
The SparkLend risk parameters are temporarily controlled by Sky Core.While the risk parameters are under the control of Sky Core, they are implemented by the Stability Facilitators in consultation with the Stability Scope Advisors, as specified in the subdocuments herein.
The subdocuments herein define the SparkLend risk parameters.
The reserve state represents the state of the market for a particular collateral type. The reserve state may be:• Active - all activities may occur• Frozen - all activities may occur except for supplying and borrowing• Paused - no activities may occur