AVAX One’s adjusted net loss was $2.2 million after excluding $33 million in non-cash charges.Staking generated $2.1 million as quarterly revenue rose from approximately $500,000 to $2.8 million.The company held 14.09 million AVAX and equivalents, with roughly 95% actively staked.Wylie said AVAX One favors established yield partners and maintains a conservative approach to debt.