Akash Network

Akash Network is the world’s first decentralized open source cloud. Akash is aiming to disrupt this centralization of resources by providing a decentralized network of server providers, giving the possibility for anyone capable to rent their spare server capacity and earn an extra income.

AKT is native token of the Akash Network.

Staking Akash is the process of earning rewards by holding and locking AKT tokens in a wallet as collateral to support the security and performance of the Cosmos network.

$AKT can be staked via Stakewolle with connected Keplr Wallet.

For security reasons, a wallet will never auto-claim your rewards unless you commence an action e.g. when you initiate undelegation of your tokens.

Compounding rewards means that you claim your rewards and delegate/stake them too, thus, increasing your stake in the network and, of course, APY.

Once you stake your $AKT tokens are locked. They never leave your possession but they are locked into staking with the chosen validator. You can initiate the unbonding process anytime and takes 21 days for the tokens to unlock and become available to your wallet.

When you stake your assets with Stakewolle, you may become eligible for Cosmos-based airdrops, allowing you to receive free tokens as a reward for your participation. We support many blockchain networks, so you never know what exciting opportunities may come your way!