Akash’s Solana plan would end current staking rewards while allowing new AKT issuance

Akash’s proposed Solana migration would end the inflation-funded staking rewards paid on its current chain while its draft economic framework would allow new AKT issuance for provider incentives and the treasury.

Akash is a decentralized cloud-computing marketplace. Its AKT token helps govern and secure its sovereign Cosmos chain. The proposed migration would move the token and marketplace onto Solana in separate steps, with different consequences for balances, staking income and future supply.

Proposal 346 remained in voting when checked on Nov. 2, with a deadline of Nov. 2 at 15:02:58 UTC. A successful vote would authorize the migration and token portal. It would leave the marketplace’s cutover date for another proposal.

That distinction matters because a promise to exchange one old AKT for one SPL AKT preserves a balance at conversion. It does not, by itself, preserve the income attached to holding or staking that balance.

The proposal separates approval, token launch, marketplace cutover and the old chain’s eventual halt. Old-chain inflation and staking rewards would end at cutover. Validator roles and income would end at halt, 90 days later.

The submitted proposal expects SPL AKT and the one-way portal to launch two to three weeks after passage, once token and portal audits are complete. The marketplace would move only after its audits and migration rehearsals pass and a separate cutover proposal is approved.

The proposal now being voted on describes a portal transaction that starts unbonding, claims rewards and queues migration after 21 days. Earlier descriptions differ: the Oct. 20 technical draft uses seven days to token launch and 14 days for unbonding, while the Oct. 26 blog says two weeks to launch and unbonding for 21 days before using the portal.

Those descriptions do not establish one settled user flow. The current proposal sets the authorization being voted on; final audited instructions would still need to reconcile the older draft and the blog.

In his Oct. 26 explanation, Greg Osuri said new staking mechanisms would be announced before cutover. That establishes a commitment to explain a replacement, rather than a published replacement yield or payout formula.

Akash’s AEP-79 migration design makes a separate provision for replacement emissions: newly issued AKT directed to provider incentives and the community treasury. It describes reduced gross emissions as the intended direction, but leaves the numerical curve for modeling and governance.

Under the proposed design, a holder could lose the present inflation-funded staking income while new tokens continued to be issued for other purposes. Issuance to those accounts would expand the token base without automatically increasing a passive holder’s balance.

The unresolved economic modeling covers the gross rate, decay, split between recipients and cumulative hard-cap amount. Those determine both how much new AKT could enter supply and how its distribution would change over time.

The token-migration draft specifies a cumulative incentive-emissions cap separate from the migration budget. Its numerical amount remains unresolved; once set from the ratified model, the cap could not be raised by governance. The schedule would remain adjustable through the DAO and a timelock within that limit, with a guardian able to pause emissions.