Sky proposes backstop definitions, rate-limit policy and a Grove compliance extension

What happened

Core GovOps submitted the October 5 weekly Atlas edit proposal with concrete reserve, allocation-control and compliance changes.

What changed

The proposal defines the supply basis for target backstop capital, introduces highest production rate limits by Diamond PAU facet and extends Grove’s Morpho compliance deadline.

What did not change

Submission does not establish adopted Atlas text, executed contract parameters or fulfilled compliance requirements.

Confirmed

• The official submission identifies circulating USDS supply as the proposed basis for target aggregate backstop capital.
• It proposes a three-day Grove exception measured from execution of the October 8 Executive Vote.
• It proposes documenting highest production rate limits for facets currently in production.
• It also includes stUSDS automation and Arbitrum Configurator edits covered by separate technical proposals in this manifest.

Still open

• Final adopted definitions and numerical facet limits.
• Governance approval and effective Atlas revision.
• Executive execution date and Grove’s eventual compliance evidence.

What it means for an advisor

• Monitor the final Atlas revision before changing reserve-ratio or allocation-control assumptions in Sky’s diligence file.
• Track the compliance extension using the actual executive execution date.
• Escalate for memo review if final policy materially weakens a documented holder protection.