# $KLD

**Ticker:** KLD

**Contract:** TBA

**Allocation: TBA**

### $KLD — Native Utility & Governance Token

$KLD is the backbone of Kaleido Finance, powering all core products and aligning incentives across the ecosystem.

**Key Utilities**

* **Governance:** $KLD holders participate in DAO proposals, protocol upgrades, and ecosystem decisions.
* **Utility:** Required for launchpad tiers, fee reductions, and farming boosts.
* **Staking:** $KLD can be staked to mint $stKLD, unlocking real yield and governance rights.
* **Liquidity:** Used as a primary trading pair across KaleidoSwap pools.

**Value Accrual**

* Buyback & Burn: 20% of protocol revenue is used to repurchase and burn $KLD.
* Launchpad Access: Higher $KLD stakes → higher allocation tiers.
* Protocol Fees: A portion of lending, trading, and launchpad fees is distributed via $stKLD, creating demand for staking $KLD.
