Automated market maker allowing customizable liquidity pools.
Pool positions resolved by weight
Bitwave recognizes Balancer pool tokens in a synced wallet, confirms the pool with the Balancer factory, and resolves the underlying assets using each asset's weight in the pool.
Joining and exiting pools as position changes
Adding assets to a Balancer pool or redeeming pool tokens can be categorized in Bitwave as liquidity position changes rather than disposals, preserving cost basis until the position is exited.
Multi-asset pools in one balance view
Balancer positions appear in the Bitwave balance report as DeFi positions, so a pool holding several assets is reflected in period-end balances alongside the wallet's other holdings.
How it works
Bitwave connects to the Ethereum wallets that provide liquidity on Balancer. After a wallet is added, Bitwave syncs its transactions and recognizes Balancer pool tokens, resolving each pool to its underlying assets according to the pool's weights.
Your team then categorizes pool joins and exits as liquidity positions and reviews the positions in reporting.
The workflow:
- Add the Ethereum wallet that holds Balancer pool tokens.
- Bitwave syncs the wallet's transactions and identifies Balancer pool positions.
- Categorize pool joins and exits as liquidity positions, individually or through rules.
- Review Balancer positions in the balance report and carry the results into gain/loss and journal entries.
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Balancer pools can hold several assets in custom weights, so a single pool token can represent a basket that is awkward to value and easy to misbook. Bitwave resolves each Balancer pool token to its weighted underlying assets so the position can be carried and reviewed in familiar terms.
For the finance team, joins and exits are handled as changes in the form of a holding rather than sales, the balance report includes the assets held through Balancer at period end, and the categorization can be captured in rules so recurring liquidity activity does not need manual review each close.
Complete. Transparent. Secure.
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.
