> For the complete documentation index, see [llms.txt](https://docs.klimaprotocol.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.klimaprotocol.com/reference.md).

# Reference

- [Protocol overview](https://docs.klimaprotocol.com/reference/overview.md): The Klima Protocol is open, rules-based infrastructure designed to support carbon credit intake and retirement through transparent execution terms and onchain settlement.
- [Governance](https://docs.klimaprotocol.com/reference/governance.md): What allocation does, how it shapes the protocol, and when doing nothing is perfectly fine.
- [Governance (Archived)](https://docs.klimaprotocol.com/reference/governance-archived.md)
- [Liquidity](https://docs.klimaprotocol.com/reference/liquidity.md): Learn how Klima’s kVCM liquidity pools internalise carbon inventory, route all economic activity through a single fungible token, and let users provide the liquidity that powers the system.
- [Incentives](https://docs.klimaprotocol.com/reference/incentives.md)
- [Token Distribution](https://docs.klimaprotocol.com/reference/token-distribution.md)
- [Glossary](https://docs.klimaprotocol.com/reference/glossary.md)
- [Protocol Implementation & Upgrade Transparency](https://docs.klimaprotocol.com/reference/protocol-implementation-and-upgrade-transparency.md): This document explains how the protocol’s software implementation is maintained, upgraded, and secured over time.
- [Fair Launch](https://docs.klimaprotocol.com/reference/fair-launch.md): Klima's Fair Launch ran from April 2025 until October 2025. A final window for genuine legacy KLIMA holders who missed the it can convert KLIMA into kVCM at a fixed 1 : 1 rate.
- [Bug Bounty Programme](https://docs.klimaprotocol.com/reference/bug-bounty-programme.md): Effective date: 21st July, 2026 Last updated: 21st July, 2026 Status: Active


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