Klima Protocol launched Klima 2.0 on March 30, 2026, an evolution of KlimaDAO that replaces bilateral negotiations and opaque broker fees with a fully on-chain pricing mechanism. The protocol operates a two-token model: kVCM, an uncapped token used for governance and settlement, and K2, with a fixed supply capped at 100 million units that handles incentives. Klima 2.0 charges zero fees on retired credits, aligning the protocol’s survival with credit integrity rather than transaction volume. The protocol launched without external funding or market makers, and its architecture enables real-time price discovery, complete traceability, and instantaneous carbon credit retirements. The fee-free model raises long-term sustainability questions, as revenue-free protocols depend on token appreciation and community participation to fund ongoing development.
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