Akash is the world's first decentralized cloud computing marketplace. The market cap is $30,870,205 and the 24h volume is $882,542.
Akash blockchain consensus is achieved via Proof of Stake. Investors can leverage their crypto via staking. Currently there are 2 options to earn passive income and staking rewards with your Akash investment as outlined below.
Run a Validator Node
- How to stake Akash?
The Akash Network has implemented the Cosmos SDK staking module, staking happens exactly as on Cosmos chain with ATOM.
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?
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.
You can calculate your earnings in the AKT Staking Rewards Calculator.
- Is there any risk staking AKT?
Yes even by delegating AKT, the coins are at risk of slashing.
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.