Akash Network’s decentralized cloud‑computing marketplace has placed a pivotal proposal before its DAO: a multi‑step migration of the AKT token from its sovereign Cosmos chain to Solana. The draft, identified as Proposal 346, remains in a voting window that closes on November 2 at 15:02:58 UTC. According to CryptoSlate, a successful vote would authorize the creation of a token‑portal that swaps existing AKT for an SPL‑AKT counterpart, while the actual marketplace cut‑over would be handled by a separate future proposal. The core change is the termination of the inflation‑funded staking rewards that currently compensate AKT holders on the Cosmos chain.

The migration plan separates three critical phases: approval of the portal, launch of the SPL‑AKT token, and finally the marketplace transition. Audits of the token and portal are expected to take two to three weeks after passage, followed by a 21‑day unbonding period that triggers the portal transaction. Existing balances would be exchanged at a 1:1 ratio, but the income attached to those balances—namely the staking rewards—would not be preserved. Validator roles and associated earnings would cease 90 days after the old chain is halted, according to the proposal’s timeline.

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Impact on Staking and New Emissions

The proposal explicitly ends the current inflation‑driven staking payouts once the Solana cut‑over occurs. While the DAO will later announce a replacement staking mechanism, no details on yields or payout formulas have been provided. Instead, the draft outlines a new issuance framework (AEP‑79) that would direct freshly minted AKT toward provider incentives and a community treasury. The exact emission curve, decay rate, and hard‑cap remain undecided, and governance will set these parameters before any replacement staking model is deployed. A guardian role could pause emissions, and a timelock would limit any future adjustments.

If the emission model is not ratified before the supply snapshot at cut‑over, the issuance program would start with zero scheduled emissions, effectively pausing new token creation until the DAO activates it. This contingency means that, for the time being, holders could lose their existing staking income without an immediate replacement, while the supply could expand later depending on governance decisions.

Compute Credits and Token Supply Mechanics

Akash’s roadmap also references a compute‑credit system (ACT) that historically linked AKT burn‑mint equilibrium to the issuance of dollar‑denominated credits. Under the proposed Solana architecture, ACT credits would be collateralized in a vault, and redemption would draw from that vault without minting additional AKT. The draft therefore separates the migration‑related token supply from any future minting that might arise from compute‑credit shortfalls, leaving the latter as an implementation question. Consequently, the migration does not inherently create a permanent net‑burn of AKT; instead, tokens moved into the vault are temporarily removed from circulation.