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  • loopedETH Overview
  • How LETH works
  • Vision & Purpose
  • Why Ethereum?
  • Getting Started
    • How to Deposit
    • Early Adopter Program
    • Tax Reports
  • Technical Architecture
    • AutoLoop™
    • Vault Infrastructure
  • Security & Risk Management
    • Security & Risk Framework
    • Deposit Flows
    • Audit Reports
  • Ecosystem
    • ETHCatalyst™ Initiative
    • Strategic Partnerships
  • Community Ownership
    • ETH Looping Collective
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  1. Getting Started

Tax Reports

LETH is a value-accruing token based on the tax-friendly cToken model.

loopedETH’s Protocol Conversion Rate, the internal rate that governs how LETH is valued compared to ETH at minting and redemption, programmatically changes over time to accurately represent the value of staked ETH and accumulated rewards.

loopedETH's Protocol Conversion Rate, set automatically at the protocol level, operates independently from any market trading rates of LETH. Tax & Accounting Reports can be requested at info@loopedeth.com for any staked amounts of $1m+

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Last updated 1 month ago