Akash Governance Approves Migration From Cosmos to Solana
Image Credit: akash.network
- Akash token holders approved migrating the AKT token to Solana on November 2.
- The approved proposal authorizes launching AKT as an SPL token following two independent audits.
- A separate governance proposal is still required to set the marketplace switchover date.
Akash token holders approved a Solana migration on Nov. 2, authorizing an audited, one-for-one AKT conversion while leaving the compute marketplace’s move subject to another vote. Existing workloads, staking and governance continue on the current Cosmos-based chain until a separately approved switchover.
Vote Authorizes Solana Token Launch
Proposal 346 received approximately 60 million AKT in support, representing 97.27% of votes cast. Akash subsequently confirmed the result and confirmed that the technical coordination with the Solana team was underway.
The proposal authorizes AKT to launch as an SPL token, Solana’s token format, after two independent audits of the token and migration portal. It estimates launch two to three weeks after approval, with the date to be announced through official channels.
AKT Conversion Will Be One-Way
Holders would exchange existing AKT for Solana-based AKT at a one-to-one ratio through a portal open for two years from token launch. Migrated tokens leave circulation on the old chain, preserving total supply rather than creating an additional allocation.
The conversion is irreversible. For staked AKT, the proposed portal starts the 21-day unbonding process and queues migration once that period ends; exchanges would handle customer balances on their own schedules.
Marketplace Move Requires Another Vote
Akash hopes that the broader transition will bring its Marketplace, AkashML inference platform and Homenode offering to Solana. Its Nov. 2 announcement describes a migration program extending over the next 24 months.
Akash cited lower infrastructure maintenance expenses, transaction fees and access to Solana’s decentralized physical infrastructure ecosystem as reasons for the choice. Akash would stop operating its own consensus network, and future connections to Cosmos chains would rely on third-party bridges.
The marketplace switchover still requires audits, testing, migration rehearsals and a separate governance proposal setting its date. Under the plan, staking rewards and old-chain inflation end at that switchover.
Existing workloads would continue during a 90-day transition while tenants redeploy. The plan also requires subsequent sunset and halt upgrade proposals before the old chain closes.
Providers would upgrade their software and register on Solana. Tenants could reuse their deployment configuration files when redeploying workloads.
