KLS Token

The KLS Token

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KLS is a Cardano token that governs the Kulfi protocol. KLS holders can propose, vote on, and implement changes to Kulfi system parameters and smart contracts. Each KLS holder gets one vote per KLS that they hold.

KLS Holder Responsibilities

KLS holders will be responsible for managing the Kulfi on-chain treasury, setting risk and collateralization parameters, and voting on any proposed upgrades to the Kulfi smart contracts. Here is a short, non-exhaustive list of things KLS holders will need to propose and vote on:

Setting liquidity fees Setting collateral haircuts Onboarding new collateral types Activating new maturities for lending and borrowing different assets Proposing and evaluating upgrades to the protocol

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