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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.
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 Total Flash Loan Fee incorporates a fee paid to the protocol and a fee paid to liquidity providers. This total fee is calculated as a percentage of the flash loan amount. Of the Total Flash Loan Fee, the Protocol Flash Loan Fee is paid to the protocol, with the remainder paid to liquidity providers.The Total Flash Loan Fee is set on a protocol level, regardless of what assets are being borrowed.