1/ Have you ever wondered how DeFi taxation works. Due to the nature of DeFi, it is often not a straightforward process.
28 Feb 2023, 19:01
1/ Have you ever wondered how DeFi taxation works? 🤔
Due to the nature of DeFi, it is often not a straightforward process. 😭
Let's look into some of the challenges and how we can overcome them.
A thread (+ GUIDE 👀) 🧵👇
Same news in other sources
1
28 Feb 2023, 19:05
👀 Have you ever wondered how DeFi taxation works?
In contrast to regular taxation, DeFi taxation offers a unique set of challenges. Some examples include: difficulties in obtaining data, tracking a highly volatile cost basis, and dealing with the lack of standardization across different chains/protocols.
Despite all these difficulties, DeFi taxation is becoming increasingly important.
As Crypto transforms from an unregulated market into a regulated one, it’s a matter of time before on-chain tax events become mainstream.
At Covalent, we provide you with all the data you need to build your own taxation calculator.
⛓️ Check out this guide to get started
🛠 Get started with the Unified API today:
Spread the word:
Have you ever wondered how DeFi taxation works.
👀 Have you ever wondered how DeFi taxation works?
In contrast to regular taxation, DeFi taxation offers a unique set of challenges. Some examples include: difficulties in obtaining data, tracking a highly volatile cost basis, and dealing with the lack of standardization across different chains/protocols.
Despite all these difficulties, DeFi taxation is becoming increasingly important.
As Crypto transforms from an unregulated market into a regulated one, it’s a matter of time before on-chain tax events become mainstream.
At Covalent, we provide you with all the data you need to build your own taxation calculator.
⛓️ Check out this guide to get started https://www.covalenthq.com/docs/unified-api/guides/guide-to-defi-taxes/?utm_source=telegram&utm_medium=social&utm_campaign=guide
🛠 Get started with the Unified API today: https://www.covalenthq.com/docs/unified-api/guides/guide-to-defi-taxes/?utm_source=telegram&utm_medium=social&utm_campaign=guide
Spread the word: https://twitter.com/Covalent_HQ/status/1630644436748353536