$KLD & $stKLD

$KLD is The Utility Token & stKLD is The Governance & Reward Layer

$KLD is an ERC-20 token and the foundational utility token of the Kaleido Finance protocol. It is designed to be minimal, immutable, and not upgradeable. This simplicity ensures that its contract address, total supply, and core properties remain constant throughout the life of the protocol.

While $KLD itself is a passive asset, its full utility is unlocked by staking it to receive stKLD.

stKLD is the staked version of $KLD, implemented as a multi-reward ERC-20 token. stKLD is how users actively take part in Kaleido Finance — from governance to accessing protocol rewards and revenue streams.

Why Not Only Use stKLD? The logic behind staking, governance, and fund distribution is likely to evolve over time. Rather than tying these mechanics directly to the token and relying on proxies or upgradable token contracts, Kaleido Finance separates the roles:

• $KLD stays simple, fixed, and universally recognizable.

• stKLD encapsulates all advanced features — and can evolve independently of the base token. This architecture ensures future flexibility without compromising contract stability.