5.3 Principles of foundation governance

1） The integration of centralized governance and distributed architecture

Although there has always been an argument that blockchain is an autonomous community system with "decentralization" or "distribution" as the core, we believe that complete decentralization may bring absolute "fairness" or more "inefficient". Therefore, the foundation will still absorb some core ideas of centralized governance in the management structure, including the highest decision-making power of the strategic decision-making committee and the centralized discussion power of major matters, so as to improve the efficiency of the entire community operation.

2） Risk-oriented governance principles

Risk management will be set as the first important element in the process of research and management of the strategic development and decision of the project. As a computer technology of great change significance, the development of blockchain is still in its infancy, so it is particularly important to grasp its development trend. The principle of risk management is to ensure that when the foundation makes important decisions, it fully considers the risk factors, risk matters and their possibility and influence, and makes corresponding coping strategies through decisions. So as to ensure that RPC development and iteration are on the right path.

3） Technology and business coexist

RPC adheres to the close combination of technology and application to promote the implementation of more innovative models in the global DeFi market. The establishment of the foundation also follows this purpose. Even if the foundation exists in the form of a non-profit organization, the foundation hopes to maximize the recognition of the business world, win the benefits of business applications, and feed back to the foundation and the community to further promote the development and upgrading of the foundation and RPC.

4) Transparency and supervision

Referring to the governance experience of the traditional business world, the foundation also plans to set up a special supervision and reporting channel. Designated personnel in the strategic decision-making committee as the window, community participants are welcome to participate in the management and supervision of the operation, and are able to conduct rapid and confidential reports "discovery matters". These matters include, but are not limited to: new breakthroughs or recommendations that have a significant impact on foundations or blockchain technology, issues with community operations, crisis information, reporting of fraud or fraud, etc.

The foundation will publish a unified information collection window and ensure the privacy of the reporters' information. At the same time, the foundation also disclosed and reports on the operation of the foundation and the business progress of the project to the community participants through regular reports and irregular news releases.