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Crypto DeFi

Akash Opens Vote on Move From Cosmos to Solana

Akash has opened a governance vote on Prop 346 to migrate its network from Cosmos to Solana, authorizing a one-way AKT token conversion. Staking rewards would end at a later marketplace cutover that requires a separate vote. The proposal is now with AKT holders.

Original source

AI take

The significance here is structural rather than cosmetic: a one-way token conversion makes the migration effectively irreversible once executed, so the governance vote carries more weight than a typical parameter change. Splitting the staking-reward shutdown into a later, separately voted marketplace cutover also means holders are being asked to approve the move before the full economic picture is settled. Whether AKT holders treat that sequencing as prudent staging or as a gap in the terms is the open question, and the later cutover vote is where the reward implications actually get decided.

Generated by AI for reference only.

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