> For the complete documentation index, see [llms.txt](https://docs.loopedeth.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.loopedeth.com/getting-started/tax-reports.md).

# Tax Reports

LETH is a value-accruing token based on the tax-friendly cToken model.&#x20;

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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## Querying This Documentation
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