The community WPS system for EOS could be structured as a new DAC launched using the EOSDAC DacFactory. The custodians could be appointed as community technical experts or some other criteria. No code change is needed for this since any new DAC is simply managed based on token weights of a newly created token. (eg. an arbitrary number of tokens could be minted and given to and arbitrary number of "experts" into the community who would then become the voted in custodians to manage the WPS.) EOSDAC is based around token holders of the EOSDAC token which would most likely not be be suitable to manage the WPS. Vigor is also using our system with the VIG token as well as a few other DACs on EOS and WAX. (details to allocate custodians to control this should be discussed separately - but suffice to say it is flexible).
Once there are custodians appointed for the WPS DAC they would administer the funds for the WPS (wherever they are sourced from - details to be discussed separately) al