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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.

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25-03-2021 1:31pm

#1

actuallylike

Registered Users Posts: 1,450 ✭✭✭

Join Date: May 2008

Posts: 1283

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.

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