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Capital Gains tax on DAI generated in a Maker Vault?

actuallylike · 2021-03-25 12:31:36

Hello all, I can use my assets (BTC, ETH) in a Maker Vault to generate DAI to use elsewhere in the DeFi space. Its on me then to keep that vault in balance. Does the DAI generated from this fall under capital gains? I've read that it doesn't apply in the US but not sure what the situation is in Ireland. Thanks.

25-03-2021 01:31PM

#1

actuallylike

Registered Users, Registered Users 2, Paid Member Posts: 1,461 ✭✭✭

Join Date: May 2008

Posts: 1290

Hello all,

I can use my assets (BTC, ETH) in a Maker Vault to generate DAI to use elsewhere in the DeFi space. Its on me then to keep that vault in balance. Does the DAI generated from this fall under capital gains? I've read that it doesn't apply in the US but not sure what the situation is in Ireland.

Thanks.

0