Sky cuts quarterly operating expenses to $6.8M from over $20M a year earlier
- —Sky's quarterly operating expenses stand at $6.8 million
- —A year earlier expenses exceeded $20 million
- —Treasury management keeps spending predictable and within limits
- —Funds continue to cover protocol security, maintenance and development
Why it matters: Cutting expenses by more than two-thirds strengthens Sky's treasury and eases pressure on the token from potential buybacks and distributions.
Source: PANews