AKT · the mint got smaller, the treasury got louder.

Akash mints new AKT to pay stakers, but most of it never reaches the market. Governance cut the mint from 8% a year to 4% on May 15 2026 and at the same time raised the treasury skim from 50% to 70%, so seven of every ten newly minted AKT are diverted straight into the network's own non-circulating pool. Of the ~3.00M minted over the 90 days to Aug 11 2026, only about 0.90M landed with stakers and reached the float; the next 90 days add roughly 0.88M at the new rate.

Nothing is vesting. AKT's genesis allocations to investors, team, advisors and the foundation finished releasing on Mar 25 2023, and no cliff remains. The gap between today's float and the 388.5M whitepaper ceiling is future mint headroom, not a locked bucket waiting to hit the market.

This is the real story of the window. Five governance votes released 4.43M AKT out of the network's treasury pool and into contributor wallets between May 18 and Jul 30 2026 — funding proposals whose own text budgets a buffer for selling the AKT into dollars. The pool is the one tracked overhang: it holds 3.90M AKT today, down from roughly 6.23M ninety days ago, and it is refilled by the 70% skim off every block reward. A smaller second overhang sits in the compute-credit vault, which holds 0.59M AKT as a price buffer. The next quarterly funding round is expected around Oct 30 2026.

No bankruptcy estate, trustee schedule or court-ordered distribution applies to AKT.

Akash runs no buyback. The March 2026 tokenomics rewrite deliberately scrapped the old marketplace take-rate that used to route a slice of every lease into the treasury, so no revenue stream repurchases AKT off the market today — monitored.

Akash does burn AKT on real compute usage — that engine went live Mar 23 2026 — but the same engine re-mints AKT to providers when each lease settles, so the burn and the re-issue are two halves of one loop rather than a one-way removal. Network compute spend ran $642,573 over the window while AKT fell from $0.902 to $0.493, which pushes the balance toward re-issue; only 202,557 in unsettled credits sat outstanding at the check. The net could not be separated from the two sides this window, so the row ships at zero and both halves are left out together — tracked, not counted.

No open-market AKT buying by Akash's core entity or any treasury was disclosed in the window — monitored.

No new lockup, escrow or staking-cap programme was announced. Only 30.8% of AKT is bonded, and the 21-day unbonding period is a withdrawal delay rather than a supply lock — monitored.