# Sky proposes Osero Morpho-vault onboarding and removal of a penalty-setting timelock

> Nothing is operative yet. If adopted and implemented, Osero would gain a new ERC-4626 vault allocation surface and governance could introduce a force-deallocate penalty without the prior seven-day minimum delay.

- URL: https://riadefi.com/on-chain/2026-09-25-sky-atlas-edit-2026-09-28-osero-morpho-controls/
- Type: Control change
- Stage: Proposed
- Evidence: confirmed
- Materiality: watch
- Event date: 2026-09-25
- Version: 1, published 2026-09-27 (first published 2026-09-27)
- Follow-up: 2026-10-05
- Advisor-relevant: yes
- Affects: Sky (protocol)

## What happened

Sky Core GovOps submitted the Atlas weekly-cycle proposal for the week of September 28. It proposes adding the Gauntlet USDC Prime Morpho Vault V2 to the Osero Liquidity Layer and changing Atlas rules so the force-deallocate penalty is not subject to a minimum timelock.

## What changed

Nothing is operative yet. If adopted and implemented, Osero would gain a new ERC-4626 vault allocation surface and governance could introduce a force-deallocate penalty without the prior seven-day minimum delay.

## What did not change

The proposal does not document an executed spell or on-chain implementation. It does not establish that assets have been allocated to the vault or that the proposed timelock exemption is already operative.

## Confirmed

- The proposal was submitted by Sky Core GovOps.
- The proposed Osero onboarding enables ERC-4626 and PSM facets for the named vault configuration.
- The proposal would remove the seven-day minimum timelock requirement for setting the force-deallocate penalty.

## Still open

- Whether the proposal will be adopted and implemented on-chain.
- The final deployed vault parameters, role holders, signer thresholds, and operative timelocks.
- Whether the proposal's identified documentation warning concerning the max-exchange-rate setter will be resolved before implementation.

## What it means for an advisor

- Monitor the governance outcome and any implementing spell before treating the vault or control change as operative.
- Review the Sky memo if execution introduces the new allocation dependency or removes advance notice for penalty changes.
- Confirm deployed roles, limits, timelocks, and emergency-exit mechanics after execution.

## Previous interpretation

Sky's reviewed control perimeter did not include this proposed Osero vault configuration or a no-minimum-delay rule for the force-deallocate penalty.

## Sources

1. [Atlas Edit Weekly Cycle Proposal - Week Of 2026-09-28](https://forum.skyeco.com/t/atlas-edit-weekly-cycle-proposal-week-of-2026-09-28/28262) · Sky Core GovOps · 2026-09-25


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.