|
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.
View Provenance
This Article defines temporary measures for implementing the Stability Scope during the transition to the Endgame State.
View Provenance
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 kill switch disables all borrowing across SparkLend markets in the event of a depeg on key collateral assets.The kill switch is defined in terms of a threshold for specified pegged assets. If the ratio of the price of a specified asset to its peg is equal to or less than the threshold, then any user can trigger the kill switch to disable borrowing across all SparkLend markets.After the kill switch is triggered, markets can be reactivated by Sky Governance after resetting the kill switch. Resetting the kill switch is subject to the Governance Security Delay specified in .