We are pleased to announce that cryptact now supports profit and loss calculation for Flare, Gnosis, Linea, and Scroll.
By syncing wallet addresses on blockchains supported by cryptact’s DeFi features, users can automatically import deposit and withdrawal histories and perform tax-related profit and loss calculations by selecting the appropriate transaction type. These capabilities eliminate the need for users to create transaction records manually or through Excel files, enabling accurate P&L calculations and tax filing even when using new blockchains.
For further details on the DeFi features, please refer to the Help Page below.
DeFi: User Guide for cryptact’s DeFi Feature
DeFi: Our Support Guidelines for DeFi
Going forward, cryptact will continue to expand support for the latest blockchains and scalability solutions to offer smooth profit and loss calculations.
About Flare
Flare is an EVM-compatible Layer 1 blockchain that expands DeFi use cases such as staking, lending, and yield generation by integrating non-smart contract assets like XRP. Leveraging EVM compatibility, the decentralized data feed oracle (FTSO), and an over-collateralized bridging mechanism (FAssets), Flare connects blockchains with external assets and data.
Flare, https://flare.network/
About Gnosis
Gnosis Chain is a community-operated, EVM-based network secured by more than 350,000 distributed validators. It began as xDai, one of Ethereum’s earliest sidechains. Staking and governance are conducted with the GNO token. At the same time, gas fees are paid in the USD-pegged stablecoin xDai, simplifying the developer experience.
Gnosis, https://www.gnosischain.com/, https://docs.gnosischain.com/node/
About Linea
Linea is a zkEVM rollup Layer 2 network with Ethereum equivalence, designed to evolve seamlessly alongside Ethereum upgrades. It has been co-developed by members of the Ethereum open-source community, including Consensys, ENS, and Status. Rather than serving as an alternative to Ethereum, Linea aims to function as an extension that enhances its value and security.
Linea, https://linea.build/
About Scroll
Scroll is a zkEVM rollup Layer 2 network built on Ethereum. According to L2Beat, a platform that tracks information on Layer 2 networks, it is recognized as the first zkRollup to achieve Stage 1 status, an assessment of rollup maturity.
Scroll, https://docs.scroll.io/en/technology/zkevm/intro-to-zkevm/
Scroll, “First zk-rollup with Stage 1 confirmed: What it is and why it matters”, https://scroll.io/blog/stage-1-confirmed
Contacts: pr@pafin.com