WETH

MinimalGravitas

Why was sending WETH to the wallet a problem? An 'ETH wallet' holds ERC-20 tokens like WETH just fine.

Ateam043

I learned the hard way. Sent $1K worth of WETH to my Coinbase ETH wallet, Naturally, Coinbase said im fucked. That’s what I get for not doing a test, and not checking it 20 times before hitting the send button….and being drunk.

zillapz1989

I just hold it as WETH on Polygon. Feel that's still safer considering the number of CEXs that have collapsed.

ReusedBoofWater

To me, it sounds like you didn't understand what WETH was and thought your ether was lost. Sure, these things aren't "pick them up off the ground and use them" easy, but assuming it needs to be that easy is not a good path either. Crypto isn't for everyone yet, that's for sure, and better UX is coming too, but if you're not going to try and understand what a DEX is doing, stick to CEXes.

snowfox2012

At this point, the cheapest would probably be to transfer ETH to a CEX that allows withdrawals to polygon and withdraw there. But given that it's WETH you may need to unwrap it first which would eat a lot of gas

Alex_Casablancas

Whats the cheapest way to get eth on the polgyon chain? Trying to help someone out who has only $20 of eth in metamask. They followed the opensea guide to wrap it to allow them to buy avatars but now has WETH on ethereum network instead of polygon. Bridging costs over half the value in gas, and swapping is the same. Completely fucked? Ive read the opensea guide and it does tell you weth on the ethereum mainnet can be used to buy nfts on opensea, but as far as im aware its only polygon.

BusinessBreakfast3

Let me teach you to fish instead of giving you a meal: 1. Go to your favorite exchange 2. Buy $5 worth of MATIC 3. Withdraw it to your wallet 4. Swap all WETH to MATIC 5. Deposit it back to your exchange 6. Sell for FIAT

Chaunc2020

I think a blacklist scam record has been reached with ORDI / WETH on Arbitrum / Sushiswap networks . The $120 I put in is now worth $6900 but of course I’m blacklisted .

larock0188

I would say most of the bad actors are out. I am mainly on VVS these days. But with this Bear market there isn't much of anything i am doing. Just collecting my LP rewards and converting to WBTC ot WETH.

MinimalGravitas

It only counts ETH, WETH, BTC, WBTC and stablecoins in that total for Ethereum. No NFTs, no DeFi, no memecoins. Want to try again? $12 billion vs $600 million.

gamma55

And moving ERC-20 like WETH is about 5x that, and more complex smart contract interactions are 20-40 times that.

TerraceTower

Don't get too excited yet. There's still a long way to go. For AA, you need a whole market of paymasters/bundlers, not just one. You also need wallet software which has yet to be developed and smart contract factories for creating the smart contract wallets. Gasless transactions have already existed on EVM blockchains for years. Polygon uses it when you trade WETH for MATIC gas. Many blockchain games and NFT marketplaces use it too. What's special about AA isn't the gasless part, it's the fees marketplace and wallet infrastructure.

Traditional-Run-2586

If you're not trying to look shady, your best bet us Coinbase commerce. You can set up an account there and per their site: "We currently support ApeCoin, Bitcoin, Bitcoin Cash, DAI, Dogecoin, Ethereum, Litecoin, SHIBA INU, Tether and USD Coin. We also support MATIC, USD Coin, and Wrapped Ether (WETH) on Polygon"

TerraceTower

It's a bit inconsistent. The creator usually call "multicall" within 0-3 minutes after the victim trades WETH for LIME.

TerraceTower

Reddit keeps deleting my post (maybe it doesn't like the copied code), so here's a simplified version of it: I took a look at the contract. Most of the functions are normal and identical to their generic versions. The approve function is completely normal too. The parts that are not normal within erc20.sol are these 3 functions: Multicall, Execute, and readBytes. The only one the creator calls is "Multicall", which takes 1 parameter: an address. It's some kind of tracker for addresses that swapped WETH for LIME but didn't do so directly using the official LIME contract. I don't know why he's using it. So then I took a look at 3 of the addresses that approved of the LIME token recently. They mostly look normal. They trade WETH for LIME and set unlimited approval of LIME for a Uniswap router. What's strange is that nothing happens afterwards. Usually you do an approve/permit, and then the router takes your tokens. But all of these accounts still have their tokens. If there is a scam, it's likely happening off-chain. I don't see any double-approvals on-chain. It's as if the front-end website failed. There's nothing else being recorded on-chain. Or maybe these addresses aren't the victims, but instead the ones being tracked by the Multicall are the true victims. But their LIME balances are fine too.

NotACryptoBro

Ah okay, asking because it was planned for so long. Another one: is the ETH I hold on Ethereum WETH on pulsechain now? Are there any exchanges supporting it yet?

Maxx3141

What is absolutely crucial to understand: The liquidity pool is less volatile than one of token vs the other one. While you are right, there is a chance. So for example the Moon LP will only go to zero if Moons or ETH drop to zero. If Moons drop in price, the liquidity token will drop less (and it will also pump less btw). It will actually be the square root of the ratio, so if Moons drop 50% vs ETH, the LP will just drop to \~70%. So the Moon/WETH LP is not more risky than holding Moons, and the same is true for any liquidity pair.

Phaleel

Should they list NAZI/WETH too? I mean, "just keep your mouth shut," right? I patron and support in other ways companies that risk their reputations. I like that they support inclusiveness especially. Anything to piss Conservatives and Libertarians off, because that's what adults in this country do now-a-days; like "adults."

3utt5lut

I just converted MATIC to WETH on Polygon (Metamask), literally paid like $0.20. (Buy WETH and then use Orbiter to convert!) More people need to use Metamask, their swaps are mega cheap now!

Ateam043

I’m not exactly sure how I write this. My moons were moved due to a visitor who when thru my journals etc. They were moved using Arbitrum and got stuck on a 7 day hold which gave me time to confront the person etc. I’m trying to move the WETH now over to ETH mainnet but I have zero clue what I’m doing.

makemisteaks

Current WETH balance on the pool is about 6 million dollars. So… no.

Giga79

The 100% is to show 100% of your coins are going into the Uniswap v3 pool, with 0.05% used to pay for the wETH/rETH swap, and 99.95% coming out the other side before subtracting gas fees. With a $10 gas fee estimate for this work. WETH is not the same as AETH afaik. I'm not exactly sure why Uniswap is using it for your swap unless it's thinking it will save you money. AETH is the ETH stored in the L1 Arbitrum bridge contract, wETH is ETH stored in the the L1 wrapped ETH contract. wETH allows ETH to be used universally with and inside all smart contracts. AETH is already compatible like wrapped ETH so I didn't know wETH was even put on Arbitrum. Sometimes Uni will automatically route eg 30% into their v2 pools, 70% into v3 pools, some 1% pools and some 0.05% pools, each step with more gas fees, if that route can be done for a better price.. but not in this case. The swap fee can be as low as 0.05% and as high as 1%. Generally the riskier it is to provide liquidity the higher the fee they demand. These are Uniswap's liquidity provider fees, while gas fees are network fees. Uniswap as a protocol doesn't generate or take revenue, only its LP's do. I misspoke by saying the 100% represents a fee itself. I mean to say when you're being quoted $10 it is from executing Uniswap's smart contract somehow and not from swap fees. When you execute a smart contract you pay for each computation so if a contract is inefficient or buggy or goes in a loop it will cost a lot more - that shouldn't be the case for Uniswap or their estimator but who knows.. A swap shouldn't cost that much. These estimates are always on the upper high end for (subjectively) better UI. Frequently I pay X to be refunded 90% after execution. But I've never heard of a *$10* estimate on Arbitrum before so I still think something is wrong. When using 1inch if you're still quoted a $10 gas fee then something is potentially wrong with Arbitrum. This happened before and its fees grew higher than L1 fees, but they've since scaled beyond demand and other sites are still showing ~$1 estimates. I don't think Arbitrum is broken right now, but I'm not around a computer to see or really help. Kind of unrelated but L2 fees will drop some 30-100x in a few months with proto danksharding. If the $10 gas fee is unavoidable (I don't think it is) worst case you can wait a few months then try again for 10¢. You should only have to pay $1-2 to do this swap today but that is already far too high in my opinion especially if you're planning to DCA into rETH.

fonzdm

Yeah it's my concern too. Probably it's the multiple hop (passing through two pools, with WETH) but I don't know, it should be cheaper even in this case?

Maxx3141

If your ETH is on L1, you have to pay a L1 fee for bridging. I made good experiences with [Orbiter.finance](https://Orbiter.finance) for this. Once you are on Arbitrum, fees will be a lot lower. Try to withdraw on a L2 or sidechain next time, so you can avoid the L1 fee entirely. WETH is always involved when swapping, this has technical reasons. Native ETH simply doesn't support the ERC-20 methods.

frogiscat

> a trader ended up paying 64 ETH for a single transaction on May 8th. (...) the user paid around $119,157 just to send 84 WETH. Talk about buying high and selling low.

diomediocre

So let's hit up some examples. WETH:MOONS should be about a 1:10k ratio right now if you add them to the Sushi pool based on their prices. This is because ETH is ~1900 USD and 1 MOON is 0.175 USD. So you'd need to put in at that ratio or make your own pool with a custom ratio like 1:1 (which will either get arbed or never used as its pricing is off and AMMs/DEXs try to get users the best price) There are exceptions with weighted pools which are probably best illustrated with Balancer. They use weighted pools and multiple assets so they can say the "weight" of an asset (its USD price times the amount of asset in the pool) should be a set percentage of the pool like 20% while the other assets would have a "weight" of 80%. This is generally used for pools with more than 2 assets, assets that are relatively stable to each other like DAI/USDC, or assets where they can sorta gauge that the majority of trades will be in one direction.

diomediocre

The ratio is really made by oracles getting their approximate USD value and pairing them up based on that which is what druid meant up above. This gets arbitraged by bots usually to the actual reasonable ratio if you make your own as this means you have a market differential on price for both assets compared to everybody else. There's small exceptions like multi-pool assets floating around the ratio and rewarding deposits that bring it in balance (Curve and GMX) and concentrated liquidity (UNI V3) but those more have to do with semi-stable assets and large liquidity pools unlike the WETH/MOONS one you're discussing.

Forestsounds89

I still have not bought any pepe and i was there at 3million market cap lol im a fool, but i did buy kermit and see a 5x thats about it lol, im wondering tho if some people are smarter then me and are using WETH on the polygon network to buy from uniswap a erc20 token? Is that possible because that would be way cheaper

fairysquirt

they are meme tokens not meme coins, meme coins have their own blockain. it's the same reason you have WETH

Forestsounds89

I dont understand how people get past the fees with erc20 meme tokens, i tried to buy some, i thought ill spend $200 and get $50 worth of tokens for 3 coins lol ya right... Pls to do educate me if im doing this wrong I had to pay fees to buy the ETH Then i had to pay fees to transfer it to metamask (i figured it was cheaper then buying it thru mask) Then i had to pay fees to convert it to WETH because that is the only way to trade new tokens on uniswap Then i have i have to pay fees to confirm new token Then i have to pay fees to convert the WETH into meme token All of this while hoping i dont get rugged on top of the already flaky market that could implode at any moment lol Now ive got said meme token yay success now when i want to sell it it will have to be at 3x to break even and i will have to pay all pf those fees again LOL da fuck

inevitable_username

Does holding WETH count? I wanna be on highground too

Plasticites

When your non crypto coworkers are discussing PEPE that there’s something going on… I had a little in the beginning and ended up selling for like $20, then it explodes afterwards. Paid like $6 in matic to swap it to WETH

3utt5lut

I just sent Polygon to my Metamask Wallet then did a swap right on Metamask to WETH. Pay practically nothing in fees and MATIC speeds are pretty epic. Even the swap fees are pretty insanely low!

DPSK7878

Thanks. So that's what WETH is for. Now then I understand.

jawni

ETH isn't an ERC20 token. That's why to use ETH in smart contracts made for ERC-20's you have to wrap the ETH into WETH.

3utt5lut

I found out something super easy (and ridiculous) today: The way to get WETH into your Reddit Vault can be pretty challenging if you go from exchange (or even the Sushi Swap Moons route), but if you link your account to Metamask, send some Matic directly to that address then swap it to WETH, it takes practically zero time (because of Polygon speeds), costs practically nothing in fees (because of Polygon fees), and you have WETH in your Vault pretty much instantly!

3utt5lut

I found out something super easy (and ridiculous) today: The way to get WETH into your Reddit Vault can be pretty challenging if you go from exchange (or even the Sushi Swap Moons route), but if you link your account to Metamask, send some Matic directly to that address then swap it to WETH, it takes practically zero time (because of Polygon speeds), costs practically nothing in fees (because of Polygon fees), and you have WETH in your Vault pretty much instantly!

LrnFaroeseWthBergur

If you invest in alts, why? Is it for the money or for the technology? Also, do you see WETH in L2 as "real" ETH? I personally don't feel as safe holding wrapped ETH as if I held the pure form of ETH. Or even better, BTC of course, but right now we're on the topic of alts. I don't consider L1 ETH an "alt" anymore because it has proven itself a **blue chip**. MATIC, ATOM, DOT and ACH though, those are tokens I like but still see as alts and risky ones while at it. MATIC and ACH have seen huge supply increase lately, but they're still holding up nicely (by that I mean they haven't crashed). Anyways. I'm interested in your thoughts and feelings, bros.

luisantonio197

How is this an issue with using polygon? Most exchanged will let you buy ETH and withdraw it directly as WETH on polygon, or withdraw Matic and swap for WETH.

CappucinoAtDawn

I feel you, i once burned my 10$ of WETH trying to bridge it from polygon to eth using their bridge.

Zippyvinman

Actually, I believe this is a special scenario. To my understanding you could potentially try to justify either way. You could say ETH /WETH is not a taxable exchange since you’re technically not buying/selling but rather converting 1:1 the assets, kinda like Fiat to USDC, or, a stable to another stable on the same network. Since weth is technically “stable” (you always get the equal amount of weth for eth when using the bridge), so you could technically report it as no gain/loss. However this is not specifically laid out in tax law so folks have to DYOR.

krakensupport

Basically, you need to make sure that these things match on both ends of the transaction: * Does both the sender and recipient support the token you're transferring? * Does both the sender and recipient support the network you're transferring? And as always, we recommend considering a test transaction before moving any funds to ensure they get to their destination safely. However, [we only support WETH over Ethereum network](https://support.kraken.com/hc/en-us/articles/360000678446-Cryptocurrencies-available-on-Kraken), so unfortunately what you're aiming to do isn't possible at the moment. Please don't be shy to let us know if you have any Kraken-related questions. We're always happy to help. :) \- Flora with Kraken 🐙

bemyking

How to deposit WETH in Polygon network to Kraken? Do I need to select Ether as Asset and Select Polygon as network in Deposit?

MMeNDtal

The only transaction fee worth mentioning, is when swapping ETH to WETH on the Arbitrum Nova network. Even that fee was under £1. Once on Arbitrum Nova, fees are practically nothing...

MMeNDtal

It's all a percentage, though, other than gas fees when swapping ETH to WETH. Once you're on the Arbitrum Nova network, gas is super cheap!

diomediocre

After claiming easiest is probably to follow their "Buy AIDoge" button which links to importing the token on Camelot Dex. From there you can trade it to ETH/WETH and then use a bridge of your choice from Arbitrum to Polygon like Synapse or Hop.

CappucinoAtDawn

its okay OP, this is how we learn, I myself burned 10$ of ETH while converting it from WETH to ETH ( Polygon )

mnkbstard

seems like a tx to a smart contract providing liquidity on Camelot DEX for AIDOGE-WETH pair. i could be wrong, looked at it real quick

RedditArmyGENERAL-DD

Just sell on Uniswap, Mexc, Hyobi, or other's. You sell the same way you buy. ETH or WETH Conversions not to mention USDC and Other's.

OneThatNoseOne

1. Not particularly. The price stays the same, but if you plan to actually use the ETH it obviously has to be on the network you want to use it on. You may need to bridge around funds, which isn't so bad. Try [orbiter.finance](https://orbiter.finance). And be sure if you're transferring WETH(wrapped ETH) or ETH so you don't lose funds. Wrapping and unwrapping super easy on Defi like Sushiswap/Uniswap, usually no fee, simple button click. 2. Yeah. LIDO, Rocketpool on Defi. There are Cefi staking but not recommend if in US. Of course native staking requires 32ETH minimum. 3. I mean technically they can depeg on the L2, but you can simply transfer to mainnet and sell on mainnet to sell at proper price. So it really is very unlikely since arbitrage is so simple. 4. If the L2 goes down, like any other network you funds are trapped. However this is very unlikely. 5. Honestly doesn't matter much.

Idgaf115599

To use uniswap with WETH, what's gas fee on an avg

gunker1

It was WETH sent as “USD” ERC20 to Robinhood. On the polygon network though, idk if that makes a difference

gunker1

It was WETH sent as “USD” ERC20 to Robinhood. On the polygon network though, idk if any of that is relevant

5318008rool

I assume we are not talking about the actual PEPE/WETH because I’m watching it rn, and it’s looking bullish af.

franciscossg94

The BabyPEPE that got rugged is on Sushiswap on a different contract address it’s also paired with USDC it was created less then 24 hours ago. The BabyPEPE I got on and posted on here is on Uniswap and only paired with WETH and was created 03/17/2023

Setyman

I remember last year swapping some ETH to WETH looking to be eligible for this supposed airdrop. I completely forgot about the possibility.

MaximumStudent1839

There is no way he can turn that $27 into $1 million. The shit is dumping and the current liquidity pool only has 784 WETH.

Samuravi

Don't you have to pay gas fees every time you bridge to Polygon? Or are you saying keep a small amount in WETH at all times for use?

Astrochrono

Thats why L2 is a no brainer. Stack ETH for the sake of saying you have ETH but I’m much more happier saving my money and stacking WETH

coinfeeds-bot

tldr; SatoshiChain has announced the SatoshiChain Governance Token Sacrifice Event, offering early supporters a chance to earn $SC tokens with substantial bonuses. The event will run from April 12th to May 31st, 2023. Participants can sacrifice ETH, WETH, USDC, USDT, BNB, WBNB, BTCB, and MATIC to receive $SC governance tokens. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

zoomercoomer9000

As far as shitcoins go, the contract is surprisingly safe. 0x6982508145454Ce325dDbE47a25d4ec3d2311933 * ownership renounced * 0 buy/sell tax * no ability to change fees * cannot mint more There's about $340k liquidity in the PEPE/WETH pool on Uniswap.

HellboundLunatic

I think that part of the problem would be difficult to solve from the wallet app's perspective. Many people don't understand how DeFi works at a basic level. If someone doesn't understand the difference between ETH and WETH, and they need use WETH but currently own ETH, they may get confused and give up, instead of trying to troubleshoot for 30 seconds. People are lazy, and when they need to take steps to learn additional information, many of them will give up. I think it'd be quite difficult to solve this problem. To make it easier to use, you'd probably have to assume that your users have absolutely no idea what they're doing or what's going on every step of the way. Maybe you could add a simulated dApp for users to interact with as a "tutorial" so that they can figure out what's going on without being afraid of risking money. Even that won't help too much. You'd be handholding people through a simulated sushiswap or something.. but the minute anything else comes up to confuse that user, there's a good chance they may give up because it's "too hard" (they can't immediately grasp the concepts.)

ec265

Ser, that’s exactly what I’m saying rETH demand exceeding NO demand is not the same thing as no NO demand It is currently NO constrained, but I am not disputing that, however this will change for the next few weeks and again long term (capital requirements are only going to reduce) You need to have control over issuance I.e. inflation = rewards. You can’t do this with WETH. Using ETH to sit idle would significantly reduce APR for both NOs and rETH holders. It needs to be attractive to be an NO otherwise nobody would do it.

klanh

>Look at minipools created and total rETH supply - it would be flat if there weren’t enough NOs You're simply looking at the wrong metric. If you want to compare the supply and demand forces behind NO's versus small stakers you want to compare rETH's fair value to market price. If Market price is above fair value that means that there is more demand from small stakers than there is supply from NOs. [https://i.imgur.com/O6WNu29.png](https://i.imgur.com/O6WNu29.png) Shows rETH being traded at above fair value for a long time. This isn't about whether RocketPool is growing, it's whether it's able to capture demand that is present, which it has to an extent failed. >Collateral needs to be an ERC-20 token that has a different value and sitting idle is not good for capital efficiency - it would destroy the value in using the protocol in the first place WETH is an ERC20 token, as for why the collateral needs to have different value perplexes me. If your "expenses" are in ETH in case of slashing why does it not make sense to hold ETH as collateral? Using a different token can be positive if it's price goes up compared to ETH but it can also be negative if the opposite happens. In short it adds a ( unnecessary ) risk to the protocol. The system that I described is capital inefficient to small stakers but not to NOs. Considering RocketPool already has higher feels/lower yield for small stakers than their main competitor Lido I wouldn't mark capital efficiency down as a selling point for RocketPool.

Acidhoe

WETH is an erc-20, eth is not.

Da_Notorious_HAM

Send MATIC and swap for WETH in MM - faster and cheaper

Hamelinz

Another option is to buy Matic on a CEX, send that to polygon network and swap the Matic for WETH on Uniswap. Easier than bridging imo.

Spicoli007

Thanks for the details, but I need help. I purchased a couple of cheap avatars the other day on Reddit juat so I could figure out how to use OpenSea. I am using a Coinbase wallet connected to OpenSea, and I have ETH, WETH, and MATIC in my wallet. However, every time I go to sell my avatar, it says I need $0.02 of MATIC. I have $10 in my wallet, but for whatever reason OpenSea is not seeing that. What did I do wrong, or what step did I miss? Thanks for the help.

im_alive

Is it safe to use SushiSwap yet? Just need to convert some USDC to WETH on Polygon.

shreyaskg

Maybe you're getting the offer because it's a special mint. You can sell it though, you don't need WETH in your account to do that. You'll need Matic for gas.

3utt5lut

Anyone know how selling works on OpenSea? I have an offer for my NFT that's double the floor price. Can I just sell it and rebuy a cheaper mint with the same funds? (I don't have any WETH in my account and never sold an NFT before)

dimi727

Where do you see that? I see that my old nfts are on metamask and I can see all the free Reddit avatars from the past there but not the new one yet. Don't we need to hold WETH so it can get minted or do we only need WETH to create sale offers?

robtimist

If anyone can send 0.008 MATIC to my wallet ($0.008) (to cover transaction fees) I will cash app you $1 🙂. I don’t have any MATIC in my wallet to cover the transaction of swapping WETH, and it seems my only options are to buy like $30 of MATIC just to transfer it to said wallet just to swap.

robtimist

I appreciate the help, but I don’t have any matic in my wallet to cover the fee and all exchanges I use require a outgoing withdraw (to the ledger I’m trying to swap my WETH on) of at least $30. And I’m not trying to hold any money in MATIC. Damn these bridges are confusing to me

robtimist

Hey family, gotta question. Could someone help me swap my WETH on the polygon network? I’m lost. Would like to swap for LINK

Spicoli007

I think I figured it out. It just converted my ETH into WETH. Thanks.

Spicoli007

Thanks for the reply. As I said to another guy nice enough in here to help, I think I have all my ETH. It is just partial WETH and partial ETH. Thanks again.

Spicoli007

Thanks for the reply, but I think I'm beginning g to understand what happened. When I placed the best offer, it appears that it didn't actually make the offer, but rather it converted my ETH into WETH. Looks like all my ETH is in my wallet, but some of it is just WETH now. Thanks for the responses. Much appreciated.

yuruseiii

The reason you don't see your offer on the NFT, even though it should be #2 highest, is because you have not actually placed the bid. I presume that because 1) you see your WETH in your wallet but 2) not your bid on the NFT. Perhaps when you tried to bid initially, OS detected on WETH in your account and initiated a transaction to top up. Try making the bid on the asset again?

Spicoli007

Disregard my last. I just received a WETH deposit of the exact amount I offered. So now my question is, what does this mean? Does it stay as WETH now whether or not this person accepts my offer? For sure it will be rejected, because there was a bigger offer. Curious where this takes me now.

yuruseiii

If I'm not wrong, you basically placed a bid. It took money from your payment source because that's OS depositing your money as WETH, then using that to bid on the NFT. You'll only get the NFT you bidded for when the owner accepts the offer.

JWillCHS

Right. You’ll feel the pain in the US if you’re not holding for a year, not making profits, and/or not setting aside profits for taxes. Your staking rewards, mining rewards, airdrops, and even Brave rewards are taxed as soon as they’re claimed. Not when you sell. And then when you eventually sell those rewards you’re taxed again. Anytime you use a DeFi platform and the trade involves a derivative like WETH; you actually just got taxed twice in one trade. And people forget that trading in and out of stablecoins are taxable events. I just decided to stay out of anything that I can’t buy directly from a CEX unless you’re prepared to a least have 3 taxable events in DeFi. At least on Cardano since all the tokens are native there’s no ada derivative used for DeFi trading but still: USD to ada = not taxable. Ada to MIN on Minswap = short term, taxable. You hold the MIN token for a year and decided to cash out your gains. MIN to ada = long term, taxable. Bruh. You’re not done yet because you’re still trying to get back to fiat. Ada to USD = short term, taxable. You probably got taxed twice at 22% to 37% because of two trades involving short term capital gains and perhaps one below 22% because one trade had long term capital gains. Now if you had a self-direct IRA with crypto trading inside you can avoid all the taxes but you can’t touch that money until you’re older. Or you can just take a loan and use that money to trade; that’s not taxable. But don’t play with leverage.