One public crypto firm just staked its way to breaking even, but a $50M paper loss and 66% dilution threat tell a darker story

The token rewards roughly matched its non-GAAP cash-cost proxy but remained unsold as warrants for up to 33. 5 million shares became exercisable. The post One public crypto firm just staked its way to breaking even, but a $50M paper loss and 66% dilution threat tell a darker story appeared first...

Source: [CryptoSlate](https://cryptoslate.com/sdevs-2-2m-sky-staking-revenue-is-dwarfed-by-a-50-6m-unrealized-token-loss/)