u/CherryEasy9666

Flare Network - USDT0 to KUSDT0
▲ 2 r/koinly

Flare Network - USDT0 to KUSDT0

Hello,

Please see image from my Koinly dashboard.
Is this showing correct?
Normally you would expect to see a market price...

KUSDT0 is a lending deposit token given in exchange for USDT0 1:1 which is out of wallet on a lending platform, which is then re-exchanged back on exit of said platform.
A fee is applied on each exchange from the wallets FLARE token

At the moment this is seen in Koinly as a negative gain (loss)
Seeing as it already has a 'cost' value wouldn't it make sense to apply a market price also to keep the portfolio looking correct?

Thanks

https://preview.redd.it/jauwymaaut9h1.jpg?width=1899&format=pjpg&auto=webp&s=fe716663ed4a5323c947e8652edc52486fd7146e

reddit.com
u/CherryEasy9666 — 9 days ago
▲ 1 r/koinly

Flare network - Lending USDT0 on Kinetic, provided holding token KUSDT0 '0' value issue

Hi

So Lending USDT0 on Kinetic exchanges you in return a holding token (if that's what you call it) called KUSDT0
When you then withdraw the USDT0 from Kinetic its re-exchanged for the KUSDT0

See image - 3 collated into 1

Basically a value is shown in the 'Transactions' part of the wallet on the lending of USDT0 on its exchange to KUSDT0.

On the wallet view itself the amount of KUSDT0 is shown, but with '0' value.

On the 'Holdings' view you can see the KUSDT0 still displayed as correct amount but again with '0' value and also showing as a 'loss'

I would of thought as the value of KUSDT0 is known in 'Transactions' it should be known throughout the rest of the portfolio??

Thanks

https://preview.redd.it/9k773v613b0h1.png?width=1172&format=png&auto=webp&s=aead18757d06215bfe671b1d79f2864e76626ad5

reddit.com
u/CherryEasy9666 — 2 months ago