Notifications

The Sky Atlas governance document reflects multiple Aligned Delegate (AD) derecognitions over time, with nine delegates removed due to operational security breaches, misalignment, or other governance concerns between 2023 and 2026. The document also indicates changes to delegate address registrations, such as Bonapublica's contract address update. These changes underscore the governance framework's enforcement mechanisms for maintaining delegate accountability and ecosystem security.

• Bulwark (AD) derecognized on 2023-06-08 due to operational security issues
• PALC, Navigator (ADs) derecognized on 2023-10-30 due to operational security breach
• 0xDefensor (AD) derecognized on 2024-02-02 due to operational security breach
• TRUE NAME, UPMaker, QGov, Skynet, Pf (ADs) derecognized between 2024-04-06 and 2024-12-17 for operational security and governance issues
• Sky Staking (AD) derecognized on 2026-01-27 due to misalignment with Sky governance
• Bonapublica delegate address registration updated with new contract address on Ethereum

The Sky Atlas governance document was updated to clarify Emergency Declaration procedures for Support Facilitators, establish formal requirements for Executive Spell crafting and code cleanup, and standardize Executive Document formatting to improve clarity and transparency. Key changes include discretionary emergency declaration authority, mandatory code cleanup processes for spell developers, and enhanced documentation standards for Executive Votes including formatting requirements, checksum verification for transfers, and structured item presentations.

• Support Facilitators granted discretion to declare emergencies with optional Forum posting and signal requests, allowing for security-sensitive situations without public declaration
• Chainlog confirmed as governance-managed registry for contract addresses with updates classified as housekeeping items eligible for direct inclusion in Executive Votes
• Executive Spell Crafting now requires mandatory code cleanup of previous spell files including DssSpell.sol, DssSpell.t.sol, and config.sol before new spell development
• Transfer formatting standards implemented: USDS amounts rounded up to nearest whole number, SKY transfers to exactly two decimal places, with checksum verification required
• Executive Document structure standardized with headers per item, separated Authorization and Proposal links, bolded parameter values, Ethereum addresses for transfers, and tables for parameter overviews
• Spell expiration rules established with maximum 90-day window and typical 30-day expiration, plus priority indicators for emergency versus non-urgent technical items

24 sections changed:

• A.1.4.5.0.4.2 Other Ecosystem Roles - Phrase Must Be Read In Its Broadest Sense By Facilitators — new
• A.0.1 Atlas Preamble — modified
• A.1.1 Spirit of the Atlas — modified
• A.1.2 Atlas Documents — modified
• A.1.5 Aligned Delegates — modified
• A.1.9 Sky Core Governance Security — modified
• A.1.10 Weekly Governance Cycle — modified
• A.1.11 Monthly Governance Cycle — modified
• A.1.12 Updating Active Data — modified
• A.2.1 Governance Process Support — modified
• A.2.2 Sky Primitives — modified
• A.2.3 Treasury Management — modified
• A.2.4 Sky Core Monthly Settlement Cycle — modified
• A.2.8 Ecosystem Accords — modified
• A.2.9 Legal Resilience — modified
• A.2.11 Ecosystem Security Infrastructure — modified
• A.3.1 Core Stability Parameters — modified
• A.3.2 Risk Capital — modified
• A.3.3 Asset Liability Management — modified
• A.3.4 Real World Assets — modified
• A.3.7 Measures For Endgame Transition — modified
• A.4.4 SKY Staking Mechanism — modified
• A.5.2 Accessibility Communication Channels — modified
• A.6.1 Agent Artifacts — modified

The governance update reflects operational restructuring of multisig control, adjustments to liquidity parameters for Spark Savings products, and clarifications on fund transfer procedures for collateral agents. Key changes include transition of the Core Operator Relayer Multisig control from Operational GovOps Amatsu to Operational GovOps Ozone, updates to Freezer Multisig signer composition, and modifications to target liquidity thresholds and rewards rate maintenance across multiple asset/chain combinations.

• Core Operator Relayer Multisig control transferred from Operational GovOps Amatsu to Operational GovOps Ozone, with three signers required and two-thirds signature threshold maintained
• Freezer Multisig signer composition updated to include two signers from Operational GovOps Amatsu, two from Operational Facilitator Endgame Edge, and one from Keel
• Spark Savings Target Liquidity parameters specified: USDC and USDT on Ethereum (greater of 10% or 1M), ETH on Ethereum (greater of 10% or 250 ETH), USDC on Avalanche (greater of 10% or 1M)
• Spark Savings rewards rates clarified: USDT on Ethereum equals Sky Savings Rate; ETH on Ethereum equals 90% of SparkLend ETH supply rate
• Fund transfer restrictions tightened: accounts may only whitelist addresses to approved collateral agents or Spark Liquidity Layer, with collateral agent transfers conditional on loan origination completion confirmation
• Launch Agent 6 SubProxy Account address deferred to future documentation iteration; Genesis Capital Allocation (10M USDS transfer) contingent on mutual agreement on terms

New Aligned Delegate Brendan Navigator recognized. Solana LayerZero Freezer Multisig signers updated — Keel replaced with Operational Facilitator Endgame Edge. Needed Research items renumbered across governance sections (NR-6→7, NR-7→8, NR-8→9, NR-9→12, NR-11→17).

• Brendan Navigator added to Recognized Aligned Delegates list
• Keel → Operational Facilitator Endgame Edge for Solana LayerZero Freezer Multisig signers
• NR items renumbered across Alignment Conserver and Delegate sections
• Galaxy CLO 2025-1 DAO Resolution reference added to Grove allocation
• New chain deployment addresses for Optimism and Unichain
• Minor text updates to TRC management requirements and ERC-4626 controller protections

Fact-check update: corrected TGE airdrop Ignition phase window (closed July 29, not December 17), fixed Binance trading open time (09:00 not 08:00 UTC), clarified Sky Governance override rights under Risk Capital conditions, revised distribution table removing unverified staking rewards column. Confidence score raised from 0.86 to 0.91.

Deep multi-pass fact-check: fixed SSR launch rate (12.5% → 6.25%), removed fabricated $16B TVL peak, corrected Aave vote details, fixed revenue figures ($37M → $22M/month), corrected Try China description, fixed bad debt figure ($8.32M → $5.67M), removed fabricated Star names, replaced 8+ dead URLs, fixed 74 bold formatting violations. Word count trimmed from ~21,300 to ~19,831.

Revised the unmatched capital calculation to use max(risk weight, FRTB drawdown) instead of summing both. Gap risk add-on for overcollateralized crypto lending reduced from 3% to 2% when liquidation ratio exceeds 150%.

• Unmatched capital: sum(RW, FRTB) → max(RW, FRTB)
• Gap risk add-on: 3% → 2% (LTV > 150%)

The Growth Staking document underwent a significant mechanical overhaul, removing the 'sentinel' tag and completely restructuring how growth assets are weighted. The core change inverts the logic: instead of assets requiring lower holdings (0.4×–2.0× ratios meaning less is needed), the new model uses Growth Factors where Agent tokens now command 2.5× multipliers — meaning $1 of Agent tokens counts as $2.50 toward staking requirements. This dramatically incentivizes governance token holders to accumulate Prime, Guardian, Generator, and Halo governance tokens while de-emphasizing passive sSGA holdings (dropped from 2.0× to 0.5×). For protocol participants, this represents a strategic pivot toward rewarding active ecosystem participation and risk-bearing over passive savings.

• Agent tokens: 0.4× → 2.5× (525% increase)
• Junior risk capital (TEJRC): 0.6× → ~1.67× (179% increase)
• Senior risk capital: 1.0× → 1.0× (unchanged)
• Savings (sSGA): 2.0× → 0.5× (75% decrease)
• New: Halo Units at ~0.33×
• Excluded assets: removed stUSDS/NFATs, added fixed-rate sSGA support