Related Posts
Csr or Amex platinum?
What’s your age and asset allocation?
More Posts
WE’RE BACK, TO THE MOON BOYS WE GOT THIS
Additional Posts in Everything crypto
Anyone into MultiVac (MTV)?
FTM. You heard it from me!
Any reason I shouldn't buy REQ?
Ugly F’ing beat down today
I blame NFTs
I have about 20 bitcoins earning me ~5% interest on BlockFi & Celsius. I'm not sure how the taxes work I suppose I'll need to figure that out next year 😅
Everyone needs to get into this LP game. Easy money. Curve.FI
Pro tip: make a separate wallet for LP/staking vs trading so it makes tax time easier
Sure np. Just don’t make too many, sometimes tax services have a limit on the number of wallets per tier.
Celsius has a built in calculator apparently
If you didn’t sell or exchange from token to token, it should be simple. Just report interest from both Celsius and BlockFi. Both have a Tax documents section.
Pro
Yep, leverage curve to get 30% eth on yearn
Be careful of LP. Impermanent loss feels pretty permanent in crypto.
A1 - is there an easy way to track possible loss? Currently using a combo of coin stats and apy.vision to track performance. For context, just getting into it so I just did a uni weth pair for $1K to learn (about many things like impermanent loss).
Conversation Starter
LP?
Liquidity pool. You basically put up equal amounts of two currencies and earn exchange fees on them.
I wouldn’t recommend doing it, there’s risks and a good amount of gas fees that go along with it.