Definition of WePiggy’s Governance

WePiggy will be jointly managed by all holders of governance token WePiggy Coin (hereinafter referred to as WPC). Under the basic principle of “one WPC, one vote”, a scientific governance system will be built and improved by WePiggy community members to realize high-quality community governance with goals, processes, and results.

Significance of WePiggy’s Governance

In the short-term:** Improving WePiggy’s related products, mobilizing and uniting the power of community members, expanding business cooperation, and increasing the influence of WePiggy community.

In the long-term: Governance is a core function of the community, one of the fundamental characteristics that distinguish WePiggy from other products. As the protocol becomes more widely used, other products will not be able to compete with us.

Scope of WePiggy’s governance

During the initial phase of WePiggy’s governance, WPC holders have the right to vote on the following issues:

• Create new pToken markets
• Update the interest rate models for any markets
• Update the oracle address
• Choose a new admin
• Others market policy related matters

Besides, community can initiate proposals to add more mining pools, or change the WPC mining weight of any pools in WePiggy’s liquidity mining program, and make decisions on any issues related to community operation.

In the future, WPC holders will gradually realize full control of the protocol, and finally decide WePiggy’s business direction, market strategy, technology roadmap, asset safety, ecosystem incentives and so on.