Streamlined LFJ accounting with Bitwave

Formerly Trader Joe, Avalanche-based DEX with trading, lending, staking.

Why connect LFJ to Bitwave ?

Trades and pool positions on Avalanche

Bitwave recognizes swaps routed through the LFJ router as trades and identifies LFJ liquidity pool tokens in a synced Avalanche wallet, resolving each pool to its two underlying assets.

Banker Joe lending tracked as positions

Deposits into Banker Joe lending markets are recognized as vault positions, and accrued JOE rewards are read from the protocol so lending balances and rewards can be categorized correctly.

Avalanche DeFi in the same balance report

LFJ liquidity and lending positions appear in the Bitwave balance report as DeFi positions alongside your Avalanche wallet balances, so period-end review covers the assets committed to LFJ.

How it works

Bitwave connects to the Avalanche wallets that use LFJ, formerly Trader Joe. After a wallet is added on Avalanche, Bitwave syncs its transactions, records router swaps as trades, and recognizes LFJ pool tokens and Banker Joe lending positions.

Your team applies Bitwave's position categorization to liquidity and lending movements and reviews positions in reporting.

The workflow:

Add the Avalanche wallet that trades or provides liquidity on LFJ.
Bitwave syncs the wallet's history, recording swaps as trades and identifying pool and Banker Joe positions.
Categorize liquidity, lending, and reward activity as positions, individually or through rules.
Review LFJ positions in the balance report and carry results into gain/loss and journal entries.

Illustration of two laptops connected by digital payment lines.

Key Benefits

What makes the Bitwave integration with LFJ special ?

LFJ combines a decentralized exchange with lending markets on Avalanche, so a single wallet can hold trade history, pool tokens, and lending positions at once. Bitwave separates the taxable swaps from the position changes and resolves pool and lending tokens to the assets behind them.

For the finance team, trades carry cost basis and fees, liquidity and lending balances appear at period end, and JOE rewards are categorized as income when claimed, so Avalanche DeFi activity is booked with the same rigor as the rest of the digital asset portfolio.

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.

Custodial Wallets

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

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.

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.

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.

Bring LFJ activity into your financial operations.

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