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The Protocol Scope regulates the maintenance and development of the core Sky Protocol and its critical, non-collateral components. The Protocol Scope defines all rules for protocol engineering.
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This Article manages the Activation and Sealing Mechanisms that grant rewards on SKY and Star tokens. Activation and Sealing Mechanisms are designed to incentivize governance participation and long-term commitment to the Sky Ecosystem.
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Sealing is available both for SKY and MKR holders, with 1 MKR counting as 24,000 SKY. Sealing seals the principal tokens behind an Exit Fee. Sealing provides USDS Rewards or Star Token Rewards. Sealing users can also generate USDS using the USDS content of the Smart Burn Engine as collateral. Users’ ability to generate USDS is based on the equivalent quantity they hold of sealed SKY. The Sealing mechanism is governed by the Stability Scope.