Alok Vasudev pfp
Alok Vasudev
@alok
Curious - how often does the added tax return complexity prevent you from doing something onchain? As in, “Ah man I’ve gotta document this shit. Never mind”
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Nate Maddrey pfp
Nate Maddrey
@nmadd
prevents me from experimenting more with defi, especially the newer more cutting edge protocols a few years ago I put a pretty big bag of UNI into pooltogether and got hit with an unexpected tax bill for it because I technically swapped my UNI for a wrapped token, even though I didn't actually sell any of it. so I've been a lot more cautious since then, even though I'd love to deploy more of my capital into defi
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