Descent and vanishing in chromatic algebraic $K$-theory via group actions

Abstract: We prove some $K$-theoretic descent results for finite group actions on stable $\infty$-categories, including the $p$-group case of the Galois descent conjecture of Ausoni-Rognes. We also prove vanishing results in accordance with Ausoni-Rognes's redshift philosophy: in particular, we show that if $R$ is an $\mathbb{E}\infty$-ring spectrum with $L{T(n)}R=0$, then $L_{T(n+1)}K(R)=0$. Our key observation is that descent and vanishing are logically interrelated, permitting to establish them simultaneously by induction on the height.