Compound, Now Available on Lumina: Introducing DeFi Accounting & Tax

We are extremely excited to announce support for Compound within Lumina’s portfolio management suite. Investors who partake in DeFi borrowing and lending via Compound and the many applications built on the Compound protocol can now stream these transactions into their Lumina portfolios, alongside traditional crypto spot, derivatives, and OTC trade data. Everything feeds into Lumina’s transaction reconciliation process and tax engine, converting the data into traditional accounting reports needed for audits, compliance, and tax filings.

Lumina clients can integrate Compound today, by selecting it as a financial connection and identifying the associated Ethereum address(s) used. Lumina synchronizes with the Ethereum blockchain, creating fully-reconciled transactions that recognize the mechanics of Compound balances and interest accumulation. Our clients are able to track their performance in product and export a wide-range of reports, including realized gains/loss, holdings over time, tax lots, profit and loss, and balance sheet reports, and more.

Decentralized finance is here to stay and the Lumina team is proud to take part in this movement, providing accounting and tax support for the open financial system.

About Compound

Compound is an open-source, autonomous protocol built for developers, to unlock a universe of new financial applications. Interest and borrowing, for the open financial system.

Learn more: https://www.compound.finance

About Lumina

Lumina is the operating system for digital assets. Confidently navigate the fragmented digital assets landscape with the most comprehensive crypto-native financial platform.

Learn more: https://www.lumina.app