I have a maker vault question. I did the following:
- Deposit ETH into a maker vault.
- Drew DAI as a loan.
- Used the DAI to buy ETH.
- Sold that ETH for DAI to repay my DAI debt. I had to sell more ETH than acquired in step 3 due to a price crash (blame Black Thursday).
- Repaid my DAI debt.
I marked the deposit of my ETH collateral as sent to pool.
Do I just account for the DAI in step 1 as a deposit?And account for the trades in steps 2-4 as normal trades as if it’s my own money? Then account for step 4 as a withdrawal - so calculating the capital gain / loss on the repayment of the DAI based on value at that date vs the effective cost at the date in step 1?