Ethereum 2 Support

Dear Koinly,

Was wondering if you had any plans to support Ethereum 2? I am thinking about staking, so if my ethereum was sent to a deposit contract, and burnt, then recreated on eth2, I will be earning validator rewards, so would be good to track this income in Koinly.

Seeing eth2 ethereum is the same asset, “ethereum” I would also expect there would be no capital gains for moving the ethereum it would just be seee as moving it from one wallet to another?

Kind Regards

Where would you earn these validator rewards? On your eth address or a different eth2 address?

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So from my understanding, you deposit eth into a depesit contract which burns the eth on the current chain and recreates it on the eth2 beacon chain, you then earn eth as rewards to your address on the eth2 beacon chain.

Eventually, in 1-2 years the eth1 and eth2 chains will merge, so all ethereum on both chains is the same asset.

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Missing this feature as well. How can I add my Ethereum 2 validator account?

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I am running a validator node and indeed, It would be great if we had a feature that tracks how much ETH2 we have staked on the beacon chain, and how much staking reward we are receiving. One validator = 32 ETH(2) so it can be a significant portion of one’s portfolio. If we won’t be able to realize any capital gains until ETH2.0 becomes tradeble (1 or 2 years from now), validators do receive staking income every ~6.2 minutes, which should be reported as a taxable income. If we don’t consider the technological risk of Ethereum2.0, then we can consider that 1 ETH1.0 = 1 ETH2.0 from a tax perspective.

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Yes, this is also my understanding. One must keep in mind though that if converting ETH1 to ETH2 is possible, converting ETH2 to ETH1 is not possible. But from a tax perspective that should not matter.

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I wonder if this is the case also with staking services, like ETH2.S from Kraken which you get by staking.

However you can also get it by trading as it is allowed in both directions (with ETH2.S - ETH pair), lido.fi, soon Coinbase and others…

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