Type:
development
RETROACTIVE

Amount Requested:

225.00 DOT

1123.66$

Proposed on:
Aug. 7, 2023
Proposal Awarded on:
Aug. 12, 2023
Expected Delivery
Aug. 12, 2023
Actual Delivery:
Aug. 12, 2023

Status:

completed

A small tip for a staking rewards calculator

by Anonymous (allegedly Polkatax)

Summary:

It can be tedious to track staking rewards for different blockchains and to calculate your income in fiat. Depending on your country of residence, different rules for taxation may apply. For instance, staking rewards can be taxable at the moment of payout, based on the value of the reward in fiat. To easily display staking rewards in fiat currency, I created https://polkatax.com/ On the website, you can find and export staking rewards for several substrate chains in your favorite fiat currency. The project is open source: https://shorturl.at/qBOZ9 If you find https://polkatax.com/ useful, please consider supporting this proposal. Warning: The application hasn't been extensively tested by a large number of users yet, so I recommend verifying the results for accuracy. If you encounter any issues, please open an issue on GitHub. If many people find this website helpful, I plan to implement a function to find and export token rewards for lending, providing liquidity, and airdrops as well.

Current Progress and Comments:

A low ask tool for tax calculation for staking rewards that allows to track the tax amount. It depends heavily on the country of residence. Due to the low asking amount and the usefulness of the tool, the proposal was passed despite the lack of ID.