Add support for DeFI Liquidity Pools & Farms
complete
C
CT-jO3aD8MQ
Please offer a feature for tracking taxes for Liquidity Pools and Farms (DeFi) - I have no idea how to handle these on Cointracker, and have a lot of transactions that need review for this reason.
I do a lot of DeFi activity, I'm sure everyone would agree that manually entering all tx related to farms/pools is not sustainable.
You should just add an option to edit a tx and mark it"Add to Liquidity Pool" or "Remove from Liquidity Pool" and "Stake LP Token in Farm" and "Unstake LP Token from Farm"
Cointracker should track what assets are entered to the LP, and what are removed from LP and calculate any taxable events based on that.
Your current methodology of manually editing each tx is not gonna make it.
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Sam - CoinTracker
complete
This is now complete! We now support Liquidity events via our new transaction classifications. See our guide on Liquidity transactions in CoinTracker. Additionally, we have also rolled out auto-classification, we can now add dAPP support for EVM protocols, CoinTracker will automatically tag specific activity based on the protocol and DeFi activity, see more information here.
For further assistance, please contact our support team directly.
Thank you for your feedback and cooperation as we work to enhance your CoinTracker experience!
Sam - CoinTracker
Merged in a post:
New tag: "Mark as yield farming reward"
A
Azure Astronaut
The current tag option closest to yield farming is stake reward. However, staking rewards are paid with the same token as the staked token. In yield farming one receive payment in different token than the one provided for liquidy.
Sam - CoinTracker
Sam - CoinTracker
Chandan - CoinTracker
You can use either the
staking reward
tag for this for the same tracking treatment.