Akash's AKT stakers approved a move from the network's Cosmos blockchain to Solana. The vote authorizes an AKT token launch on Solana after two audits, but moving the marketplace and ending staking rewards need a separate cutover vote.
AKT stakers approved Proposal 346 on Monday, Nov. 2, moving Akash from its Cosmos blockchain to Solana, with 97.27% of recorded voting power in favor. Turnout reached 69.37% of bonded stake, above the 33.4% quorum, according to Mintscan's final tally.
Akash is a marketplace where users rent computing resources from independent providers. The approval lets its AKT token launch on Solana once two independent audits pass, but it does not yet move the marketplace or stop staking rewards on the existing chain.
Why Akash wants to leave its own chain
Akash's core team argues the move would let it stop maintaining a standalone blockchain and rely on Solana's security instead. Its current chain relies on about 100 validators, according to the proposal. The trade-offs include giving up sovereign consensus and native connections to Cosmos chains through IBC.
Token first, marketplace later
The proposal estimates the token launch two to three weeks after passage, conditional on audits of the token and migration portal. Holders will exchange AKT 1:1 for SPL AKT, the Solana-native version, through a one-way portal open for two years from launch.
For staked AKT, the proposal specifies a single portal transaction that starts unbonding, claims outstanding rewards and queues the balance for migration. The tokens arrive on Solana after the 21-day unbonding period. Until cutover, AKT remaining on the old chain continues to support gas payments, staking and governance.
Moving the marketplace still requires audits, migration rehearsals and a separate cutover vote. Under the approved plan, old-chain inflation and staking rewards end at cutover, and existing leases then have a 90-day wind-down before the chain halts.
The proposal leaves the new emissions curve, the size of the validator continuity payout and the treatment of AKT not migrated within two years to be published before the cutover proposal.
Source: The Defiant
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