1. Scientific governance

WePiggy’s governance framework needs to be based on a reusable scientific model. In WePiggy’s community governance activity, we try to guide participants to transition from debating on governance issues to seeking consensus and reaching compromise. In such events, communication channels force participants to focus on the basic reasoning, theory and data of risk assessment, rather than a polarised popularity race around specific risk parameters of any tokens.

2. Learn and innovate

As a Compound fork project, WePiggy make this as a starting point, actively create new financial tools, and expand the business scope as the market environment and technology evolve. At the same time, learn the success of excellent projects, including MakerDAO and Aave, with an open mind, in order to get a wider range of users willing to use the product and participate in governance as soon as possible.

3. Gradual Decentralization

WePiggy will be dedicated to true decentralization, but the path of decentralization needs to be carefully built to ensure that the early stage of protocol construction includes extensive participation of community members and efficient and stable R&D support from the core development team. At the same time, it’s also crucial to provide maximum stability for partners who are deeply integrated with WePiggy, as they need to feel secure and not face changes that are hard to assess because of the rapid decentralization of governance. The core development team should continue to push WePiggy to decentralize governance, with each step bringing more aspects of governance under community control, gradually eliminating the possibility of a single point of failure.

4. Long-termism

For the long-term benefit of WePiggy and the entire DeFi ecology, long-term social, environmental, and sustainable development must be taken into account in WePiggy’s governance. The community should be wary of speculators seeking their short-term interests in various ways, damaging WePiggy’s long-term interests and even causing systemic risks to the whole DeFi ecology.