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Rebranded from Wonderland Time, algorithmic reserve currency with treasury backing.
Staked positions recognized on Avalanche
Bitwave identifies the staked token issued by the protocol's Avalanche staking contract in a synced wallet and relates the staked balance to the underlying token.
Staking and unstaking as position changes
Staking into or unstaking from the protocol can be categorized in Bitwave as staking positions, so the movement into the staking contract does not realize a gain or loss.
Staking growth categorized as revenue
With the position carried against the underlying token, the increase in the staked balance can be identified and categorized to revenue when your team reviews Avalanche activity for the period.
How it works
Bitwave connects to the Avalanche wallets that stake with Volta Club, the protocol formerly known as Wonderland. After a wallet is added on Avalanche, Bitwave syncs its transactions and recognizes the staked token the protocol issues, relating it to the underlying token.
Your team categorizes staking, unstaking, and balance increases as staking positions, and the position is visible in reporting.
The workflow:
- Add the Avalanche wallet that stakes with Volta Club.
- Bitwave syncs the wallet's history and identifies the staked 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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Rebasing staking protocols grow a wallet's staked balance without a discrete reward transaction, so the income is invisible in a plain list of transfers. Bitwave recognizes the staked position on Avalanche and ties it to the underlying token so the growth can be measured.
For the finance team, staking and unstaking are booked as position changes rather than sales, the staked balance appears in period-end reporting, and the increase can be categorized to revenue with a documented basis, keeping Volta Club activity consistent with the rest of the portfolio.
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.
