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Altcoins & DeFi

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

Image: CryptoSlate

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.

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