DeFi allows users to take part in traditional finance activities like lending, liquidity deposits, mining, swapping, work income, interest or rewards. DeFi covers a broad range of activity and can be captured in several ways in Ledgible using the Tax Category attribute for transactions.
- For API connected exchanges, Ledgible will automatically classify DeFi transactions accordingly if this information is provided by the API.
- Ledgible will automatically categorize DeFi transactions on the Ethereum and Algorand blockchains added as a blockchain crypto source.
- You can include DeFi and other categories when adding a data source using the File Import option. The File Import template will be available to download when adding a file as a data source. There are different types of file import template: the DeFi activity template will display options for different types of DeFi activity.
- Any DeFi transactions can be added manually. Please see this article from our Knowledge Base for an example of how to add a manual entry for staking rewards.
- Finally, if the relevant transactions have already been added to Ledgible, from the Transactions tab you can set a category for a transaction from the Actions column or use the Categorize button to create rules that can add (or remove) the category for matching transactions in bulk.