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Dimitris
Feature Request: Better Support for Avantis Derivatives Trading on Base
What is being requested?
Improved support for derivatives trading activity on
Avantis
, a decentralized exchange (DEX) on the
Base
blockchain. Currently, when users send USDC to open a long or short position, CoinTracker categorizes it as a standard "Send" transaction. When users close a position and receive USDC back, it is treated as a margin gain—even if it’s less than the original amount sent—without considering whether the user was liquidated or took a loss.
Why is this needed?
  • CoinTracker treats the initial deposit as a fee.
  • Any return from the contract is treated as a gain, even if it reflects a loss.
This oversimplifies actual trading outcomes and misstates taxable events.
What can users do now?
Users should consult with a tax professional to determine their best outcome.
Keywords: Avantis, Base blockchain, DEX derivatives, DeFi trading, liquidation handling, CoinTracker support