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Kladia Liquidity Deflator (KLD): A Debt-Indexed Deflationary Token on XRPL

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  • Kiarash Firouzi
  • Parham Pajouhi

Abstract

Kladia Liquidity Deflator (KLD) is an XRPL-based, debt-indexed token whose supply dynamics respond directly to a debt index derived from macroeconomic data sources. The model links indebtedness to deterministic adjustments in issuance, burns, and escrow release caps, creating a rule-based deflationary mechanism that strengthens as debt rises. With a fixed maximum supply of 10 billion KLD, the mechanism is implemented through XRPL oracles and governance. Escrow locking depends on the TokenEscrow amendment; until it is active network-wide, allocations will be secured in a multi-signature vault with published rules and public monitoring. KLD provides a transparent and mathematically grounded framework for a macro-responsive digital asset.

Suggested Citation

  • Kiarash Firouzi & Parham Pajouhi, 2026. "Kladia Liquidity Deflator (KLD): A Debt-Indexed Deflationary Token on XRPL," Papers 2601.08853, arXiv.org.
    • Handle: RePEc:arx:papers:2601.08853
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    References listed on IDEAS

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    1. Kevin Dowd & Martin Hutchinson & Gordon Kerr, 2012. "The Coming Fiat Money Cataclysm and the Case for Gold," Cato Journal, Cato Journal, Cato Institute, vol. 32(2), pages 363-388, Spring/Su.
    2. Bob Jessop, 2013. "Credit Money, Fiat Money and Currency Pyramids: Reflections on the Financial Crisis and Sovereign Debt," Palgrave Macmillan Books, in: Jocelyn Pixley & G. C. Harcourt (ed.), Financial Crises and the Nature of Capitalist Money, chapter 13, pages 248-272, Palgrave Macmillan.
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