Moving funds between your own wallets shouldn’t suddenly become a taxable sale
Posting assets as collateral isn’t a sale either. Bridging them to another chain doesn’t mean you made a profit.
Yet generic portfolio and tax tools can treat these movements as disposals and create gains that never actually happened
That’s the problem @accurenxyz is addressing with its cost basis system
The chain itself doesn’t know which addresses belong to you but once you label an address as your wallet lender or exchange that information can reclassify past and future transactions involving that address
Answer the question once and the record updates around it
That’s a much smarter way to handle onchain cost basis
Adding to the dip on $ACCU
0x01013428dF327Cac9E2Db45b220d46431e7e9150
Post #3167
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༺𝐖𝐀𝐕𝐄𝐒 𝐆𝐄𝐌༻ ACCUREN🪶 What $ACCU does? • Records the multiplier every time it changes, so past values are never lost. • Rebuilds cost basis across every swap, loan, transfer, and pool position. • Detects dividend income that has no corresponding wallet transaction. •…
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