Sky founder Rune Christensen announced that the protocol's quarterly operating expenses have fallen to $6.8 million, a significant decrease from over $20 million during the same period last year. The reduction represents a roughly 66% decline in operational spending year-over-year.
Christensen attributed the cost efficiency to Sky's treasury management mechanism, which maintains expenses within a clearly defined and predictable range. Despite the lower burn rate, the protocol continues to fund essential security measures, system maintenance, and ongoing development work.
Sky Cuts Quarterly Operating Expenses to $6.8M, Down 66% Year-Over-Year
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