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Bake Edits (Bake, Merge & Export panel) makes a model's edits permanent: erased splats are deleted, the erased originals kept for the Restore brush and the edit bookkeeping are dropped, so the model costs only its visible splats in memory and in the .blend. It asks first, since Restore can't bring back anything erased before the bake. Export is unchanged by baking (byte for byte); the brushes keep working on a baked model.
Install from Edit > Preferences > Get Extensions > ⌄ > Install from Disk.