Core principle of co-governance: defining the "underlying logic" of governance

LynkCoDAO's decentralized co-governance structure is the core carrier for its realization of "community-led and consensus-driven". It completely abandons the centralized governance model of the traditional DeFi protocol of "minority decision-making, majority execution", and allows every community member to become the maker and guardian of ecological rules through the design of "the whole process chain, zero barriers to participation, and binding of interests and responsibilities". This structure is not a simple "voting tool", but a complete closed-loop system of "proposal-discussion-decision-implementation-supervision" to ensure that governance is in line with the spirit of decentralization and has the ability to implement efficiently.

LynkCoDAO's co-governance structure is based on three principles, which prevent governance from becoming a tool of formalism or capital manipulation at its root.

1. The principle of "consensus is power" The allocation of governance rights does not depend on "project party endorsement" or "capital size", but on the strength of community consensus - any user holding LNK or USO, as long as they participate in ecological construction (pledge, proposal, vote), can get the corresponding governance weight. For example, users who pledge LNK for a long time (e.g. 360 days) have a higher voting weight than short-term holders, encouraging "deep consensus holders" to dominate decision-making; USO holders have the voice over the governance of the stability mechanism, ensuring that the stablecoin ecosystem is in line with their core interests.

2. "Code is Execution" principle All governance decisions are automatically executed through smart contracts, without any centralized institution or individual intervention. Whether it is "adjusting the pledge reward ratio" or "adding the type of collateral", after the vote is passed, the system will automatically call the corresponding module interface on the chain to complete the parameter update, and the execution results will be publicized in real time and cannot be tampered with, completely eliminating the "proposal passed but not implemented" governance idling.

3. "Transparency is trust" principle The whole process of governance (proposal content, discussion records, voting data, execution results) is stored on the chain, and anyone can query through the block browser or the front-end of the protocol. For example, the addresses, positions, and voting reasons of proponents and opponents of a proposal are publicly traceable to avoid "black box voting"; every use of treasury funds (such as repurchasing LNK, replenishing the USO mortgage pool) needs to be associated with the corresponding governance proposal to ensure that the flow of funds is in line with the community consensus.