SUI/USDC Collateral & Lending (AlphaLend) Misclassified as Trade with Inflated Cost Basis Value & Gains
acknowledged
S
S. Richardson
What is the issue?
SUI transaction involving AlphaLend and Turbos is being auto-classified as a Trade, with the SUI leg showing extremely small amounts but generating inflated cost basis/proceeds/gains.
This results in massive, incorrect gains/losses, unrealized return and cost basis instead of reflecting a lending/borrowing transaction with a standard SUI gas fee.
Who is affected?
Users who participate in SUI and USDC lending on AlphaLend and Turbos Finance lending pools.
As a user, what should I do?
You can upvote this forum post if you are experiencing similar issues. The status of the post will be updated to Complete once a solution has been implemented. Those who have upvoted will be notified of the update.
Keywords: SUI DeFi, AlphaLend, Turbos Finance, misclassified trade, inflated cost basis, incorrect gains/losses, SUI gas fee, lending borrow transaction, lending pool
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