# 6.3 多利益相关者参与模型

RWA的治理系统适应不同类型的参与者，具有不同的角色和激励：

<table data-header-hidden><thead><tr><th valign="top"></th><th valign="top"></th><th valign="top"></th><th valign="top"></th></tr></thead><tbody><tr><td valign="top"><strong>角色</strong></td><td valign="top"><strong>贡献维度</strong></td><td valign="top"><strong>激励形式</strong></td><td valign="top"><strong>价值锚点</strong></td></tr><tr><td valign="top">资产发行方</td><td valign="top">引入优质RWA资产</td><td valign="top">收益分成(15-20%)</td><td valign="top"></td></tr><tr><td valign="top">开发者</td><td valign="top">协议层代码贡献</td><td valign="top">MAN奖励+治理席位</td><td valign="top">每千行代码≈500 MAN</td></tr><tr><td valign="top">治理代表</td><td valign="top">代理投票参与率>85%</td><td valign="top">委托费(0.1%管理资产)</td><td valign="top">代理资产规模门槛$50万</td></tr><tr><td valign="top">内容创作者</td><td valign="top">内容传播指数</td><td valign="top">内容基金+空投</td><td valign="top">万次浏览≈200 MAN</td></tr></tbody></table>

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