DeFi is reshaping the financial services industry as we speak, and more than ever robust tooling to support this new industry is required. Bitwave is the leading crypto tax and accounting solution, and is pleased to announce support for the current wave of DeFi products.
Having trouble tracking your profits or staking? Concerned about unknown dApp interfaces?
Bitwave solves these problems and more:
- Bitwave has built in support for numerous DeFi contracts and aggregators, such as Compound and MakerDAO, plus Curve and Balancer
- Bitwave offers a robust wallet DeFi wallet smart contract, with multi-sig, profit tracking, tax tracking, and more
- Bitwave is the first accounting or tax tool to natively and comprehensively support DeFi
- Bitwave is building tooling to create secure and auditable interfaces to different DeFi applications
Bitwave is the first DeFi aware cryptocurrency management platform. The Bitwave solution correctly and automatically detects transfers between wallets, and can handle advanced Ethereum and EOS token transactions, like DeFi loans, decentralized exchanges trades, and can be customized to handle most Ethereum event types. If you’re interested in trying it out, please email us at firstname.lastname@example.org
Are you new to Defi? Here are a few basics:
Decentralized Finance, or DeFi is a term used to describe any peer-to-peer finance app and the current DeFi movement is being powered by Ethereum. Digital Asset investors like DeFi for a number of reasons including that it's a financial system that is not tied to any government. DeFi is a big thing right now with more than $4 billion in assets invested in various DeFi projects. It’s estimated that the DeFi industry is growing by nearly half a billion dollars per week. Bitwave has been working on DeFi monitoring tools for a while and with our deep integration with Ethereum the Ethereum network, Bitwave is the first DeFi aware cryptocurrency management platform.
Disclaimer: The information provided in this blog post is for general informational purposes only and should not be construed as tax, accounting, or financial advice. The content is not intended to address the specific needs of any individual or organization, and readers are encouraged to consult with a qualified tax, accounting, or financial professional before making any decisions based on the information provided. The author and the publisher of this blog post disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use or application of any of the contents herein.