Streamlined SushiSwap accounting with Bitwave

Decentralized exchange and yield farming platform with governance.

Why connect SushiSwap to Bitwave ?

Trades captured with their fees

Swaps sent through the SushiSwap router are recognized in a synced wallet's history and recorded as trades in Bitwave, pairing the asset disposed, the asset acquired, and the network fee paid.

Pool tokens resolved to underlying pairs

SushiSwap liquidity pool tokens on Ethereum and Avalanche are identified as liquidity positions, and Bitwave resolves the two underlying assets and the wallet's share of each pool.

Staking and liquidity accounted as positions

Liquidity additions, removals, and SUSHI staking can be categorized as position changes instead of disposals, and the DeFi return view can measure the return on SushiSwap positions.

How it works

Bitwave connects to the wallets that use SushiSwap rather than to SushiSwap itself. Once a wallet is added on Ethereum or Avalanche, Bitwave syncs its transactions and recognizes SushiSwap router calls as trades and pool tokens and staked SUSHI as positions.

From there your team categorizes positions, individually or with rules, and reviews the outcome in balances and reports.

The workflow:

  1. Add the wallet that trades or provides liquidity on SushiSwap.
  2. Bitwave syncs transactions, recording swaps as trades and identifying pool and staked SUSHI positions.
  3. Categorize liquidity and staking movements as positions.
  4. Review pool and staking balances 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 SushiSwap special ?

SushiSwap users typically combine swapping, liquidity provision, and SUSHI staking in the same wallet, which makes raw transaction history hard to book correctly. Bitwave separates taxable swaps from position changes and resolves pool tokens to the assets they represent.

The finance team ends up with trades that carry cost basis and fees, pool and staking balances that appear in the balance report at period end, and a repeatable categorization approach for recurring SushiSwap activity that can be encoded as rules rather than handled by hand 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 SushiSwap activity into your financial operations.

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