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What is Akash Staking?

Akash staking is the process of delegating your AKASH tokens to contribute to the security of the network. By staking, you can earn rewards and partake in on-chain governance by voting on new proposals. The reward rate for staking on the Akash network is currently -.

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What is the Akash Network?

Akash looks to be the world’s first open-source decentralized cloud, challenging the likes of the Amazon’s AWS and Microsofts Azure. Akash challenges these cloud giants through the use of containerization technology and an open-source Docker Engine. Akash provides a way for data centers to provide their underutilized capacity to the Akash Network, reducing costs while providing extra income to those data centers.

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What function does the $AKT token play?

$AKT performs 3 main functions within the Akask Network:

  1. It is a governance token which through staking/delegating allows vested network participants to vote on platform changes and upgrades
  2. It functions as a form of monetary expansion mechanism, rewarding long term stakers and delegators through an attractive staking rate
  3. Most importantly the $AKT token is the medium of exchange for the Akash Network. Allowing its deployers, users and providers to transfer value and information.

What is the vision of the AKASH team?

Akash’s vision is to not be seen and empower open-source developers to be able to deploy their applications in a decentralized and permissionless manner. By reducing costs, Akash reduces the barrier to entry, moving us towards a future where Web3 is truly decentralized.


How to stake Akash?

The Akash Network has implemented the Cosmos SDK staking module, staking happens exactly as on Cosmos chain with ATOM.

You can stake Akash using both Cosmostation and Keplr on the Akash Page

For the average user, the best way to stake AKTs is by delegating to one of the Validators of the Network.

You can delegate/bond your AKT in a single click within Ledger Wallet.

If you want to reinvest your rewards, you have to manually claim them and delegate them again.

Please consider that withdrawing your funds from staking will take 21 days.


How much can I make staking AKT?

You can calculate your earnings in the AKT Staking Rewards Calculator.

With the proposed block time of 6s, the initial inflation is 50%. The effective inflation depends on the actual current block time.

The proposed inflation will rise by up to 13% p.a. to 25% until we reached a Total Staked of 66.66%.

Once the Total Staked is over 66.66% the inflation will slowly decrease back until 50%.

Effectively the staking yield always depends on the total staked, proposed inflation, block time, and transaction fees, which are live tracked on this site.

 


How often should I claim my rewards?

Anything between once every day to a week guarantees that you get the highest rate of compounded rewards.


What is meant by inflation and how does it affect my rewards?


Is there any risk staking AKT?

Yes even by delegating AKT, the coins are at risk of slashing.

  • Take note of the 21 day lockup period 

If the Validator misses blocks or tries to corrupt the network, the delegator holdings might get slashed.

Therefore it is very crucial to choose a professional and trusted Validator. We have verified many reliable AKT Staking Providers with the blue checkmark on our website.

Akash
AkashAKT
Akash is the world's first decentralized cloud computing marketplace that promotes censorship-resistance, relaxed permission, and self-sovereignty. The Akash Marketplace is where users lease computing resources from Cloud providers before deploying a Docker container on the Akash Container Platform. The marketplace stores on-chain records of requests...Read more

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