Peaq continues to run uninterrupted on @Polkadot, leveraging its leased slot for secure, scalable DePIN operations.
Their @peaq slot lease remains valid until July 26, 2025???!
Just prior to that date, peaq will need to re-compete or review in another auction or select another path to stay on Polkadot??
What if that doesn't happen? (1/3)
Compute power is DePIN too
And @peaq (built with polkadot tech) is building the rails to support that not just onboarding machines, but letting them earn by contributing real compute to real workloads.
AI inference. Edge processing. Local data crunching
More than 2 million machines are already connected to the Peaq network. That’s a live DePIN system.
You can route compute across them, scale without centralized cloud platforms, and reward nodes in real time.
Peaq isn’t just another Polkadot parachain. It’s becoming the backbone for decentralized compute. And when compute becomes a utility you can own.
What happens if @peaq doesn’t renew?
Lease ends → DOT locked in crowdloan gets returned to contributors. The parachain’s dedicated coretime lapses
peaq would lose its parachain status, but it doesn’t mean they disappear:
They become a parathread, shifting to a pay-as-you-go model for Relay Chain coretime instead of a long-term lease
This means per-block fees instead of predictable block slots.
Likely slower and less reliable block production.
Potentially higher variable costs
Tradeoff between decentralization/resource use and scalability/security.
(2/3)
Some other chains before @peaq that didn't renew this happened
Polkadex
_ Couldn’t renew via auction in April 2024 due to high competition.
_ Resolved it by slot-swapping, acquiring a slot from another parachain to continue operations.
Litentry
+ Lease expired April 2024.
+ They prepared for expiry by placing a new auction bid and using a self-funded bid to prevent chain removal, ensuring continuity.
Generic slot expiry
+ $DOT returns to backers, and the chain transitions to parathread unless it wins a new slot via auction or swaps
(3/3)
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