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Polygon (MATIC), including delegations and staking
in progress
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CT-jXbgrgmO
Add local wallet support for Polygon main net (MATIC). Should import MATIC addresses (same format as ETH addresses) and see token balances and transaction history.
Documentation on delegations and staking:
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Eivind
in progress
We have launched support for tracking Polygon (MATIC) addresses to CoinTracker, which will allow you to track your balances and transactions! 🚀
👉 Keep in mind that this is still a work in progress. Delegation and staking transactions are not supported yet. For those you can mark them as
Staking
using the dropdown menu on the transaction and the system will account for these.
Activity
Newest
Oldest
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CT-LXdzeKPq
I can't seem to mark my transaction as staking. I have 2 transactions in which I delegated MATIC for staking. If I understood the pinned comment correctly, until staking is properly tracked, I should go to these two transactions (currently marked as Trades) and edit them to mark them as staking.
However, I only have the edit option which has nothing there to change the transactions to Staking.
What am I doing wrong?
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CT-6QrreloQ
I have added my MATIC wallet but my QUICK tokens are not assigned a fiat value and hence they are categorised as insignificant value. They also just have the generic question mark icon. Does anyone else have this issue?
Taylor
CT-6QrreloQ: This article explains how to fix this issue
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CT-6QrreloQ
Taylor: hi Taylor, I have been through and reassigned the correct tokens for QUICK and WETH but it still shows no value after resyncing the wallet. When looking back through the transactions it reverts the first and largest trade for QUICK tokens from MATIC back to the generic QUICK token, and for that initial trade tells me 'This MATIC sale results in a negative MATIC balance in MATIC Wallet'. Also, for the couple of transactions afterwards, trading QUICK for WETH, I am told 'Could not determine the value of this sale - we don't know the price of QUICK on Apr 30, 2021 - please add the fiat value received or mark it as a transfer.' Surely Cointracker was tracking the QUICK token at this point?
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CT-5OeVEzLq
Taylor: Yes, but what if you have 5000 transactions I can't do this one by one for each transaction.
Eivind
CT-2qkRJmPO
Are you also planning to add support for cross chain bridging transactions? It looks like cost basis is lost on the MATIC wallet even when fund have been bridged between two wallets both registered in Cointracker.
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CT-EXm2eaNO
Is there a possibility of adding a cost basis for WETH transactions on Polygon (MATIC) network?
Eivind
in progress
We have launched support for tracking Polygon (MATIC) addresses to CoinTracker, which will allow you to track your balances and transactions! 🚀
👉 Keep in mind that this is still a work in progress. Delegation and staking transactions are not supported yet. For those you can mark them as
Staking
using the dropdown menu on the transaction and the system will account for these.C
CT-EqnZ5ayq
Eivind: This is great - thanks for rolling this out! As a heads up it's not currently recognizing cost basis, etc (eg for USDC transfer, not recognizing the $1 cost basis).
Is that coming in the future, or would you advise users go through to manually add cost basis?
Eivind
CT-EqnZ5ayq: Thanks for the note. Can you contact us with screenshots and examples of this?
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CT-EqnZ5ayq
Eivind: Yep - will send in to support!
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CT-6QrZPooQ
Eivind: Will support for tracking LP tokens/staking value and associated tax implications be included as progress is made on this item? And loaned capital from platforms such as Aave? Us degens are going crazy with this stuff on polygon, and not just in the blue chips like quickswap and sushi. There are at least a hundred farms with more springing up everyday, see https://vfat.tools/polygon/ as a good resource. Thanks!
Eivind
CT-6QrZPooQ: We'd love to support more of these types of transactions and help users understand the tax implications that they have! Stay tuned for updates!
Eivind
planned
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CT-mQyx8kWq
I don't know of any professional tax software that does so. This could be a big boon for you all as first movers. The uptake on this L2 is MASSIVE.
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CT-EqnZ5ayq
CT-mQyx8kWq: Koinly added matic support a little while back. Hoping Cointracker adds soon as I prefer Cointracker over Koinly!
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CT-GqMPrV6O
This would be great
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