Bitcoin

Interesting product without the taxable event issue you get with Base/Morpho BTC loans

Interesting product without the taxable event issue you get with Base/Morpho BTC loans https://www.lava.xyz/

editor [redacted] prev: everyname (acq. Q4 '23)

You wrap your btc for a morpho loan - there's still no clear guidance from the IRS

It depends on your risk appetite with tax filing

Morpho involves wrapping BTC to wBTC which is likely taxable, wBTC to USDC loan is not taxable https://warpcast.com/vinayvasanji.eth/0xd07dc703

Lex does it as an atomic swap, which means it's a single transaction of BTC to USDC loan, therefore not taxable

why does morpho trigger a taxable event?

and, assuming it does ig, how does lava avoid that?

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