Decentralized reserve currency backed by protocol-owned liquidity.
Staked OHM recognized in wallets
Bitwave identifies Olympus staked OHM in a synced Ethereum wallet and relates the staked balance to OHM, so the position is tracked as a holding of the underlying asset.
Staking and unstaking as position changes
Staking OHM or unstaking it can be categorized in Bitwave as staking positions, so the movement into the Olympus staking contract does not realize a gain or loss.
Staking rewards identified for revenue
With the position carried against OHM, the increase in the staked balance can be identified and categorized to a revenue account when your team reviews Olympus activity for the period.
How it works
Bitwave connects to the Ethereum wallets that stake OHM with Olympus. After a wallet is added, Bitwave syncs its transactions and recognizes the staked OHM token the protocol issues, relating it to OHM.
Your team categorizes stakes, unstakes, and rebase increases as staking positions, and the position is visible in reporting.
The workflow:
- Add the Ethereum wallet that stakes OHM.
- Bitwave syncs the wallet's history and identifies the staked OHM position.
- Categorize staking and unstaking as staking positions, individually or through rules.
- Review the position in the balance report and categorize the staking increase as revenue.
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Olympus staking increases a wallet's staked balance over time without a discrete reward transaction, which makes the income hard to see in raw transaction history. Bitwave recognizes staked OHM as a position tied to OHM so the change in balance can be identified.
For the finance team, staking and unstaking are handled as position changes rather than sales, the staked position appears in period-end balances, and the growth in the balance can be booked to revenue with a clear basis for how it was measured.
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.
