Streamlined 1inch Network accounting with Bitwave

DEX aggregator optimizing token swaps across multiple platforms.

Why connect 1inch Network to Bitwave ?

1inch pool and farm tokens recognized

Bitwave identifies 1inch liquidity pool tokens and the farming tokens issued for staked pool positions in a synced Ethereum wallet, and resolves each to the pair of assets in the pool.

Liquidity provision treated as a position

Adding assets to a 1inch pool or staking pool tokens in a farm can be categorized in Bitwave as a liquidity or staking position change rather than a disposal of the underlying assets.

Positions carried into reporting

1inch positions appear in the Bitwave balance report as DeFi positions, and reward claims can be categorized as income, so period-end balances and revenue reflect the wallet's 1inch activity.

How it works

Bitwave connects to the Ethereum wallets that use 1inch. Once a wallet is added, Bitwave syncs its transactions and recognizes the 1inch pool tokens and farming tokens the protocol issues, resolving each pool to its underlying assets.

Your team applies Bitwave's position categorization to pool entries, farm stakes, exits, and reward claims, and reviews positions in the balance report.

The workflow:

  1. Add the Ethereum wallet that provides liquidity or farms on 1inch.
  2. Bitwave syncs the wallet's history and identifies 1inch pool and farm positions.
  3. Categorize liquidity, staking, and reward activity as positions, individually or through rules.
  4. Review 1inch positions in the balance report and carry results into gain/loss and journal entries.
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Key Benefits

What makes the Bitwave integration with 1inch Network special ?

1inch pool positions and their staked farming counterparts are two layers of the same holding, and booking either layer as a sale distorts cost basis. Bitwave recognizes both token types and relates them to the underlying pool assets so the position can be tracked through its life.

The finance team gets a period-end balance that includes assets deposited in 1inch pools, farming rewards categorized as income when claimed, and a categorization approach that can be written into rules, so recurring 1inch activity is reviewed rather than re-keyed each month.

More Enterprise-Grade Integrations

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ERPs

Sync data in real-time and eliminate manual errors. Bitwave seamlessly integrates with your existing back-office software for easier reporting.

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Blockchains

Bitwave supports tokens on the Bitcoin, Ethereum (All ERC-20 tokens + Layer 2), Solana, NEAR, and more. We are constantly adding support for new Blockchains.

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Custodial Wallets

Bitwave currently supports Fireblocks, NYDIG, BitGo, and Anchorage custodial wallets.  We are constantly adding support for new Custodial Wallets.

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DeFi Protocols

This is just a sample of the DeFi protocols we support. Click below for the full offering of DeFi integrations currently in place, with more being added each day.

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Exchanges

This is just a sample of the key Exchanges we support. Click below for the larger offering of Exchanges supported, with more being constantly added.

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Multi-Signature Wallets

Bitwave supports a variety of multi-signature wallets, such as Gnosis Safe, Zebec, and Electrum. We are constantly adding support for new Multi-Signature Wallets.

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Bring 1inch Network activity into your financial operations.

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