# $stKLD

### $stKLD — Liquid Staking Derivative

$stKLD represents **staked $KLD** and is the yield-bearing governance asset of Kaleido.

**How It Works**

1. Users stake $KLD → receive $stKLD (1:1 ratio).
2. $stKLD automatically accrues real yield from protocol revenues.
3. Holders can use $stKLD across Kaleido DeFi products (farming, governance, launchpad access).
4. $stKLD can be unstaked anytime to redeem $KLD.

**Benefits**

* **Real Yield:** 40% of all protocol revenue (from lending fees, liquidation fees, swap fees, launchpad revenues) is distributed to $stKLD holders.
* **Governance:** $stKLD inherits the governance power of $KLD — staking does not mean losing voting rights.
* **Liquidity:** Unlike locked staking, $stKLD is transferable and usable across DeFi integrations.

### Revenue Distribution

* **40% → $stKLD Holders** (real yield distribution)
* **30% → Treasury** (ecosystem growth, liquidity, partnerships)
* **20% → $KLD Buyback & Burn** (deflationary mechanics)
* **10% → Referral Incentives** (community-driven growth)
