KSKD Tokenomics

Utility and governance, by design.

KSKD coordinates the protocol. Holders who stake KSKD and maintain an active liquidity position unlock claimable incentives through three on-chain modules — Protocol Incentives, Protocol Resource, Milestone Incentives — and vote on parameters within ranges enforced by the contract. KSKD alone, held passively in a wallet, grants no incentives and no voting power. MiCA-aligned by design.

Total supply1,000,000,000 KSKD
NetworkIgra L2 · ERC-20
Epoch~30 days
01 — Utility

One token, three responsibilities.

Governance · Incentive access · Coordination
01

Governance Medium

Stake KSKD and maintain an active liquidity position to vote on parameter adjustments. Voting power = TVL Score (time-weighted, uptime-adjusted) + Loyalty Score (cumulative voting history, never decays).

Bounded on-chain voting
02

Incentive Access Key

Staking KSKD + maintaining minimum supply uptime (≥ 80% of epoch) unlocks KSKD incentive claims. Stop being active → no claim for the epoch. No passive yield, no shortcuts.

Activity-gated rewards
03

Coordination Tool

KSKD aligns long-term participants around protocol health. Sustained engagement is rewarded over speculation — for humans and AI agents alike.

Long-term alignment
02 — Distribution

Earn KSKD by using the protocol.

39% of supply · 35 months · activity-weighted
A / Allocation

Activity-weighted split.

Total budget390M KSKD (39% of supply)
Allocation ruleTVL share × uptime (suppliers and borrowers)
Undistributedreturned to DAO Treasury for recycling & supply adjustment (never force-printed)
reward = phase_emission × (your_score ÷ total_score)
B / Schedule

Four phases, 35 months.

Phase 1 · months 0–60.33%/mo ~3.3M KSKD
Phase 2 · months 6–120.66%/mo ~6.6M KSKD
Phase 3 · months 12–181.00%/mo ~10M KSKD
Phase 4 · months 18–351.59%/mo ~15.9M KSKD
curve front-loads bootstrap, back-loads retention
03 — Governance

Cast your votes.

Stake KSKD + active liquidity · snapshot at proposal
01Eligibility

Min Supply Value

Minimum TVL participation (in USD value) to qualify for the TVL participant role and claim KSKD.

02Eligibility

Min Supply Uptime

Minimum time (% of epoch) your supply position needs to be maintained at, in order to keep your TVL participant role and claim KSKD.

03Eligibility

Min Borrow LTV

Minimal LTV needed to qualify for a KSKD claim boost as a TVL participant.

04Eligibility

Min Borrow Uptime

Minimum time (% of epoch) your borrow position needs to be maintained at, in order to keep claiming KSKD boost.

05Allocation

KSKD Allocation Ratio

Share of KSKD monthly emission going to Suppliers. Remaining portion will be allocated to borrower boost.

06Parameter

Unclaimed KSKD Rollover

% of unclaimed KSKD rolled to next epoch. Remaining portion is sent to a burn address for supply adjustment mechanism.

07Treasury

DAO Treasury — Incentives to TVL participants

% of the collected fees allocated to active TVL participants for the next epoch.

08Treasury

DAO Treasury — Supply Adjustment

% of the collected fees to buyback KSKD on the market.

09Treasury

DAO Treasury — Kaspa Core DevFund

% of the collected fees sent to Kaspa Core DevFund wallet to support Kaspa L1 R&D.

10Parameter

Milestone Incentives Split Ratio

Distribution ratio of milestone incentives between TVL participants and vested KSKD holders.

Vote on these on the dApp
04 — Reporting

What each epoch covers.

Settled on-chain · ~30 days per epoch
01
Total deposits
USD value supplied across all pools
On-chain
02
Outstanding borrows
principal owed across all assets
On-chain
03
Average utilization
borrowed ÷ supplied, by asset
On-chain
04
Protocol fees
interest spread + liquidation penalties
On-chain
05
KSKD distributed
released to active suppliers and borrowers
Per epoch
06
DAO Treasury inflows
65% share of protocol fees
Per epoch
05 — Allocation

Where the tokens go.

Total supply · 1,000,000,000 KSKD · fixed
A / Distribution

Initial allocation.

Activity Incentives39%
Community rounds23.26%
Team12.5%
DEX Liquidity10%
Listings & Market-Making8%
Advisors3%
LP program3%
OTC1.24%
B / Vesting

Unlock schedule.

months 0 → 60
Read full paper Open the simulator