This page explains how to use our DeFi (Decentralized Finance) functions.
cryptact supports blockchains, not specific wallets.
Rather than supporting individual wallets, we operate on a blockchain basis. This means that the ability to automatically reflect transactions depends on whether the blockchain used by your wallet is among the blockchains supported by cryptact.
If your blockchain is not supported, you may need to upload your transaction history using a Custom file.
Contents
1.1 Cryptact's supported blockchains
1.3 Updates of Our Supported Blockchains
3. What are "Unclassified" DeFi transactions
4. How to address "Unclassified" DeFi transactions
4.1 How to address "Unclassified - Transfers"
4.2 How to address "Unclassified - Risky"
4.3 How to address "Unclassified - Unknown transactions"
4.4 How to address "Unclassified - Others"
5. How to edit "classified" DeFi transactions
1. What are DeFi functions
When you add a wallet address, within cryptact's supported blockchain, it will sync the transaction history. The transactions that the system can identify will be automatically recognized, their details will be reflected, and profit and loss calculations will be performed automatically. In contrast, transactions that cannot be automatically identified, and non-DeFi deposit and withdrawal transactions, will be categorized as "unclassified," and manual identification will be required.
Please note:
It's important to mention that this does not provide 100% automatic support for your DeFi transactions. For transactions that cannot be automatically identified, you will need to manually select the transaction type. However, this should significantly reduce the workload of identifying transactions from deposit and withdrawal records and documenting them in custom files.
1.1 Our supported Blockchains
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Arbitrum
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Astar *We have started to support EVM wallet for Astar.
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Avalanche
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Base
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BNB Smart Chain
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Blast
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DeFiVerse
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Ethereum
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Fantom
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GESO Verse
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Optimism
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Oasys
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Polygon
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Polygon zkEVM
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Solana
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Yooldo Verse
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ZKsync Era
We also plan to gradually introduce support for other Blockchains:
If you have already uploaded your transaction history using a custom file because the blockchain was not yet supported by cryptact, but the blockchain later becomes supported, you can use the "Data Locking" feature to lock in their transaction data up to a specific fiscal year-end. This allows you to synchronize only transactions from that point onward via their wallet address.