RAMP to LEVER (LeverFi)

Koinly Support
1

Describe the problem:
RAMP token holders have been migrated to LEVER (LeverFi) on some platforms (e.g. Binance).
This hasn’t been picked up the Binance wallet API Sync from Koinly.

  1. How best would this be represented in the transaction?
  2. Is such an event a taxable event?

Which exchange/wallet is this regarding?
Binance

How did you import data into this wallet?
API sync

What have you tried to fix this so far?
Added a manual transaction with the category of Swap but this causes a taxable event (Please see question 2 above, I would like to know if this is correct for UK HMRC law)

2

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