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Akash: Abandon Chain

Akash: Abandon Chain

Rare governance sighting: stakers voting to switch off their own yield.

Akash Prop 346 is tracking 98.1% yes on 63.9% turnout (vote closes Nov 2). It moves AKT to Solana 1:1 as an SPL token through a one-way, two-year portal. No path back.

Follow the Value: Old-chain inflation and staking rewards end at cutover. The ~100 validators lose the job entirely 90 days later. Akash stops paying for a chain it doesn't use. Marketplace network fees on Solana: ~0.075 SOL a day. What replaces staking? "New mechanisms" are promised before cutover. The emissions curve is still listed as open.

Right call on costs. But a token that no longer secures anything has to earn its keep from compute demand.

Cheaper chain, sure. Clearer token?

Akash #AKT #DePIN

Coins & projects mentioned

Educational content only. Not financial advice.

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