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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.
Cap Automaters allow the Supply Cap defined in and the Borrow Cap defined in to be dynamically adjusted.The Cap Automater is defined in terms of three parameters:1.
gap - the target available exposure2. ttl - the cooldown period for cap increases3. max - the absolute maximum exposureAny user can permissionlessly update a covered Supply Cap or Borrow Cap so the available exposure is equal to the target, as long as the resulting exposure does not exceed the specified maximum limit and the cooldown period has elapsed in the case of increases to the Supply Cap or Borrow Cap.