An Akash wallet controls an akash1 address, which holds AKT, the token of Akash Network's open marketplace for cloud compute. People rent GPUs and servers there from independent providers. As a holder, though, you mostly do three things with AKT: keep it safe, send it to and from exchanges, and stake it with validators for rewards.
Akash changed twice in 2026 in ways that matter to holders. In March, a new way of paying for compute began burning AKT. In May, governance cut inflation, so staking pays less than it used to. The sections below explain both, with figures checked on October 24, 2026.
Akash at a glance#
Item | Akash |
|---|---|
Native coin | AKT (1 AKT = 1,000,000 uakt) |
Address | Bech32, 44 characters, starts with |
Chain ID |
|
What the chain does | A marketplace where tenants lease compute from providers |
Transfer fee in Keylo | About 0.003 AKT |
Block time | About 6 seconds, and a transaction is final once it's in a block |
Unbonding period | 21 days |
Validators | 100 slots, 80 active in October 2026; minimum commission 5% |
Inflation | 3% to 4% a year, with 70% going to the community pool |
Explorer | |
In Keylo | Send, receive, memos, token balances, history, staking. No swaps, IBC transfers, deployments or dapp connections |
What AKT does on Akash Network#
Akash runs as its own Cosmos SDK chain. First, tenants post what they need, such as a GPU with a given amount of memory, and providers bid to host it. Then the winning bid becomes a lease, paid over time. The chain records the orders, leases and payments.
AKT secures that chain. Validators and delegators stake it, staked AKT votes on governance proposals, and every transaction pays its gas in AKT. It's also the asset providers receive in the end.
AKT and ACT: paying for compute since March 2026#
The Mainnet 17 upgrade, which went live around March 23, 2026, added a system Akash calls Burn-Mint Equilibrium. It created the Akash Compute Token, ACT, a compute credit worth about one dollar. A tenant burns AKT to mint ACT at the current AKT price, then spends ACT on leases. When a provider is paid, the ACT is burned and the provider receives AKT.
ACT can't be sent or traded, because it's tied to the account that minted it and only pays lease invoices. So for a holder, the change mostly shows up as demand: compute bought through ACT moves AKT out of circulation into a protocol vault. Keylo can't mint ACT or pay for deployments. It signs AKT transfers and staking actions only.
How an Akash wallet works#
A wallet doesn't store AKT. The chain keeps the balances, and the wallet keeps the key that signs for your address.
Your address is 44 characters long, starts with akash1 and also ends with a checksum. A typo therefore usually produces an invalid address instead of a valid stranger's one. Still, paste or scan instead of typing.
Keylo derives the key on m/44'/118'/0'/0/0, coin type 118, the default Keplr also uses. One phrase therefore gives the same akash1 address in both. The same key opens cosmos1, osmo1 and celestia1 addresses on other chains as well. Those are separate accounts, so AKT never appears on them by itself.
Tokens from other chains, USDC for example, can reach your akash1 address over IBC. They show up with ibc/ names, and Keylo looks up each one's origin and lists it beside AKT.
Check an Akash wallet on an explorer#
To look up any Akash wallet, paste its akash1 address into Mintscan. You'll see its balance, delegations, unstakes in progress and full history, and no sign-in is needed. Keylo's activity entries link to the same pages.
How to pick an Akash wallet#
Cosmos extension and mobile wallets. Keplr is a browser extension and mobile app for Cosmos chains, Akash among them. Its site lists staking, governance voting and hardware wallet logins.
Hardware wallets. Ledger and similar devices keep the key offline but work through a software wallet. They suit large stakes.
Exchange accounts. The exchange holds your AKT and sets the withdrawal rules, plus any staking terms it offers.
Web wallets. These run in a browser tab with nothing to install. Keylo is one.
Deploying is a separate question. Akash Console, the hosted web app at console.akash.network, now bills by card and no longer connects to wallets. To deploy with your own keys, Akash points to Console Air, an app you run yourself with a Keplr-compatible wallet. Keylo can't connect to either. It also has no IBC transfers, no voting screen, no hardware wallet support and no card purchases.
For holding and staking AKT, look for a wallet that shows each validator's commission and whether it's active. You also want the unbonding period and the date each unstake finishes, an easy memo field, and the standard 118 path. Keylo covers those, so it suits holders who stake from a browser.
Create an Akash wallet with Keylo#
Keylo opens in any modern phone or desktop browser. You can also add it to your home screen.
On Keylo's registration form, type your Full name, Email, Phone number and Password, then confirm the password. Accept the terms and select Create account.
Verify your email if Keylo says "Check your inbox".
When you see "Set up your wallet", choose Create a new wallet. A 12-word phrase is made inside your browser and locked there with a key from your password (Argon2id, then AES-256-GCM). Keylo stores only the locked copy.
Select Akash in your assets. You'll find your
akash1address, balance, history and a Stake button.Record the phrase now. Open Settings, then Recovery phrase, enter your password and choose Show my phrase. After writing the 12 words on paper, tap I wrote them down and confirm three of them.
Turn on Two-factor authentication and add an Anti-phishing code while you're in Settings.
Keylo can't open your wallet without you. A password reset by email leaves the vault encrypted, and only those 12 words restore it.
Importing a Keplr wallet#
Select Import a recovery phrase and enter the 12 or 24 words. Keplr's first account shares Keylo's path, so the same akash1 address appears, and so do its delegations, which live on chain. Other accounts you made from that phrase use different paths and won't appear, but they're untouched. Keylo has no Akash testnet, so try a small real transfer first.
Your akash1 address, ready in a minute
Sign up with email and a password. Keylo builds the wallet inside your browser, so you can receive and stake AKT straight away.
How to receive AKT#
Tap Receive and select Akash. The page shows "Receive on Akash", a QR code and "Your Akash address".
Hand it over with Copy or Share, or let the sender scan it.
When withdrawing from an exchange, choose the Akash network. Exchanges usually label it AKT.
If the withdrawal form offers a memo, leave it blank.
Watch your activity list. Each entry links to Mintscan.
Keylo's Receive screen warns you to use only the Akash network. It also reminds you that your own wallet never needs a memo, since only exchanges use them. For a first large withdrawal, send a small amount and wait for it to arrive.
How to send AKT#
Tap Send and choose AKT.
Paste or scan the recipient in To. Keylo only accepts valid
akash1addresses.For an exchange deposit, put the exchange's memo in Memo, exactly as shown. Leave it empty for wallets.
Enter the amount or tap Max, which holds back the fee.
Choose Review, pick Slow, Normal or Fast, then check network, recipient, memo and fee.
Tap Send. Keylo signs in your browser, then shows "On its way", "Sent" and a View on Mintscan link.
Exchanges often pool AKT deposits at one address. The memo tells them which customer to credit. Without it the AKT still arrives, but you may need support to claim it. Keylo asks whether you're sending to an exchange if you leave the memo empty.
Keylo also simulates the transfer before you sign. A validator address (akashvaloper1...) in To is refused, since stake goes through the Stake page instead. An address from another chain is rejected. If part of your balance is still vesting, Keylo tells you it can't be sent yet.
Akash network fees#
Akash uses the standard Cosmos fee model. A transaction sets a gas limit and pays it times a gas price, in uakt. A plain AKT transfer uses about 66,000 gas, which at Keylo's gas price for Akash comes to roughly 0.003 AKT.
Staking and claiming use more gas, but they still cost a fraction of an AKT. Slow pays the base price, while Normal and Fast add a margin. Akash doesn't refund unused gas, so the fee you approve is the fee you pay. Normal sends carry no Keylo fee.
Lease payments are separate. When someone deploys on Akash, the lease is paid from escrow, not from these fees. Sending or staking AKT only ever costs you the network fee shown on the review screen.
How to stake AKT and what it pays in 2026#
Staking bonds AKT to a validator. The coins stay at your address, and only you can unstake them.
Open Akash and tap Stake. The "Stake AKT" page shows Available, Staked, Rewards and Unstaking amounts.
Choose a validator from the list, which shows voting power and commission. You can search by name.
Enter an amount, keep some AKT unstaked for fees, and select Review.
Confirm after checking the amount and fee.
Come back to the same page later. Each delegation has Add, Move and Unstake, and a Claim ... AKT in rewards button appears once rewards build up.
Rewards after the May 2026 inflation cut#
In May 2026, Akash proposal 322 cut maximum inflation from 8% to 4% and minimum inflation from 4% to 3%. It also raised the community pool's share of new AKT from 50% to 70%. The goal was to bring supply back onto the curve the whitepaper planned.
On October 24, 2026, about 90 million of the 299 million AKT in existence was staked, roughly 30%. Because that's far below the 67% target, inflation sat at the 4% cap. After 70% goes to the community pool, stakers share the rest. In rough numbers, that works out to about 4% a year before your validator's commission. Treat it as an estimate, since it moves with the staked share.
So staking now roughly keeps pace with new supply, while unstaked AKT loses about 4% of its share each year. That's well below what stakers earned before the cut, when inflation was pinned at 8% and half of it went to them.
The 21-day unbonding period#
Unstaked AKT stays locked for 21 days. It earns nothing, can't move, and can still be slashed for misbehavior from when it was staked. Keylo shows the date each unstake finishes, and the AKT then returns without any action from you. You can have up to seven unstakes running per validator.
Moving stake is instant and keeps earning. However, stake you just moved can't move again for 21 days.
Active validators and slashing#
Akash has 100 validator slots, and 80 were active on October 24, 2026. Keylo lists only active validators and warns when commission tops 20%. The chain minimum is 5%.
A validator that double-signs is slashed 5%, and its delegators lose the same share. Missing too many blocks costs 0.01% and a short jail. If your AKT stops earning, check whether your validator is jailed or inactive on Mintscan, then use Move on that delegation.
Akash scams and mistakes to avoid#
Fake GPU deals and token sales. Offers of cheap compute or discounted AKT paid to a wallet address are scams. Real leases run through the Akash marketplace.
Lookalike Console sites. The real Akash Console no longer asks for a wallet at all, so a "Console" page that wants a wallet connection or your phrase is fake. Bookmark
console.akash.network.Airdrop bait. "Claim your AKT staker reward" links lead to drainers. No real claim needs your recovery phrase.
Fake support. Keylo staff never ask for your phrase or password. Use the Keylo support page and read how Keylo secures your wallet.
Before your first real transfer:
The phrase is on paper, and Keylo checked three of its words.
A little unstaked AKT is set aside for fees.
The exchange network says Akash or AKT, not Osmosis.
Exchange deposits carry the right memo.
A test amount arrived before the main one.
Your phrase works on other Cosmos chains too. See the Cosmos Hub wallet guide and the Osmosis wallet guide, or browse every network Keylo supports.
Stake AKT from a wallet nobody else controls
Keylo encrypts your recovery phrase on your device and never sees it. Hold, send and stake AKT from any browser.
Akash wallet FAQ#
What is the best Akash Network wallet?
It depends on what you do with AKT. Keplr, a browser extension and mobile app, stakes and votes, and it works with Console Air for self-custody deployments. Keylo is a web wallet for holding, sending and staking AKT without installing anything, but it connects to no apps. Hardware wallets such as Ledger work through a software wallet. All of them can share one phrase on the standard Cosmos path.
Can I connect my wallet to Akash Console?
Not anymore. As of October 2026, Akash Console at console.akash.network is a managed service: you sign up by email and pay by card, with no wallet connection. To deploy with your own keys and pay in AKT, Akash's docs point to Console Air, a self-hosted app that works with Keplr-compatible wallets. Keylo can't connect to either one.
How long does it take to unstake AKT?
21 days. After you unstake, your AKT earns no rewards and can't be moved for three weeks. It then returns to your available balance automatically, and Keylo shows the date. If you just want a different validator, Move switches immediately and keeps earning, so you don't lose the 21 days.
What is the AKT staking APR in 2026?
Roughly 4% a year before commission, as of October 2026. Since May 2026, inflation runs between 3% and 4%, and 70% of new AKT goes to the community pool. The 30% of new AKT left for stakers, spread over the roughly 30% of supply that's staked, comes to about 4%. Your validator's commission, at least 5%, comes off that.
What is ACT on Akash?
ACT, the Akash Compute Token, is a compute credit worth about one dollar, added in the March 2026 Mainnet 17 upgrade. Tenants burn AKT to mint it, then spend it on leases. Providers are paid in AKT. ACT can't be sent or traded, so it never needs a place in your wallet. Its effect on holders is that compute demand now burns AKT.
Do I need a memo to send AKT?
Only for exchanges that ask for one. Many exchanges pool AKT deposits at one address and use the memo to credit your account, so copy it exactly. Without it, your deposit may need a support ticket. Sends between personal wallets need no memo, and when you withdraw to Keylo you can leave the memo field empty.
How much does it cost to send AKT?
About 0.003 AKT for a plain transfer as of October 2026. A transfer uses roughly 66,000 gas, priced in uakt. Staking actions use a bit more. Keylo shows the Slow, Normal and Fast fees before you sign and adds no fee of its own to sends. Lease payments for deployments are a separate thing.
Why is my staked AKT not earning rewards?
Usually because your validator is jailed or has dropped out of the 100-slot active set, and only active validators earn. Check its status on Mintscan. If it's inactive, tap Move on that delegation in Keylo and pick an active validator. The move is instant and doesn't start the 21-day unbonding period.
