Read this first.

1. About Kiln

Kiln is an independent software project that publishes holder-reward accounting for the KILN token on Robinhood Chain. Kiln is not affiliated with, operated by, or endorsed by Robinhood Markets, Robinhood Assets (Jersey) Limited, The Index, fomo or pons.

2. About KILN

KILN is a fixed-supply ERC-20 token. It is not equity, not a share, not a debt instrument, not a claim on any company and not backed by any asset. Its price is set by an open market and can go to zero.

3. Rewards

Kiln allocates a published share of fees it actually receives to KILN holders in proportion to their time-weighted balance over each accounting epoch, converts those fees into Stock Tokens and delivers them onchain. Rewards vary with trading activity, asset availability, conversion costs and delivery costs. They may be delayed, may be small, and may be zero. Nothing on this site promises any return.

Shown examples are calculations from stated assumptions, not results and not forecasts.

4. Stock Token rules

Stock Tokens are tokenized debt securities issued by Robinhood Assets (Jersey) Limited. They provide economic exposure to an underlying stock; they are not the stock, carry no voting rights and are subject to the issuer's terms. Under those terms Stock Tokens may not be offered, sold or delivered in the United States or to U.S. persons, and are restricted in other jurisdictions including Canada, the United Kingdom and Switzerland.

By holding KILN with the intention of receiving Stock Token rewards you represent that you are permitted to hold Stock Tokens where you live. Kiln may withhold, pause or redirect settlement where delivery would be unlawful; a withheld allocation is recorded and disclosed, not silently cancelled.

5. Your wallet

Kiln never holds, moves or approves your KILN. Connecting or signing in identifies a wallet and never authorizes a transfer. Reforge reads balances only; every burn is a transfer you sign yourself.

6. Proof limits

Kiln publishes its accounting so anyone can rebuild it from chain history. A published Merkle root commits to a list of entitlements; it does not by itself prove the list was computed correctly. Use the manifests, the weights downloads and the verification tool, and report discrepancies.

7. Risks

• Smart-contract risk: contracts may contain bugs; reviews reduce but do not remove this risk.
• Market risk: KILN and Stock Tokens are volatile and illiquid at times.
• Operational risk: indexing, conversion or delivery can fail or be delayed; the site shows the precise status rather than hiding it.
• Regulatory risk: rules for tokens and tokenized securities change, and Kiln may have to change or stop the program.

8. No advice

Nothing on this site is investment, legal or tax advice, and nothing is an offer to sell or a solicitation to buy any token or security in any jurisdiction where that would be unlawful.