Demeter 🌱☀️

heavy farming

[Demeter 🌱☀️ @XRPitch]

@flareforward @FlareNetworks @AceThaGreatest @whale589 Is this total chain MEV?

[Demeter 🌱☀️ @XRPitch]

@0xQuantic I stake and delegate a pretty even amount , a large amount each. And I have swapped providers, looked at the data and it seems to me that delegation rewards consistently out perform staking, and comes with flexibility.

[Demeter 🌱☀️ @XRPitch]

@Cryptoinsightuk I have found is usually the following Thursday, I restake and then usually the following Thursday the rewards get released rinse and repeat

[Clinton Donnelly @CryptoTaxFixer]

So you got a 1099-DA. What does that actually mean?

It means a crypto exchange told the IRS you had digital asset sales or exchanges during the year. That’s it. It’s not your full trading history, and it’s not your tax return.

This is the first year 1099-DAs are being issued, and they’re messy. Different exchanges did it differently, and a lot of them are confusing.

A 1099-DA generally shows what you sold and the proceeds. For the 2025 tax year, cost basis is not required to be reported to the IRS, so the IRS is not seeing your gains or losses yet.

That’s why if you just drop these numbers into tax software, it can look like you made a fortune. Proceeds are not profit. You still have to calculate cost basis.

You do that first, using crypto tax software or professional help. Then you report the results on Form 8949.

Form 8949 is where you list what you sold, when you bought it, when you sold it, your cost basis, and your actual gain or loss. Those totals roll up to Schedule D, which is where your capital gains are finalized.

There are separate sections for short-term and long-term trades. Long-term matters because it’s taxed at lower rates.

Here’s the key issue: 1099-DAs can be misleading, especially if you moved crypto between wallets or exchanges. An exchange may not know when you originally bought an asset, so the form can show the wrong holding period.

Tax law cares about when you acquired the asset, not when you transferred it to an exchange.

So don’t try to force your tax return to match the 1099-DA. You can’t ignore the form, but you do have to correct it.

You account for the 1099-DA.
You don’t let it tell you what you owe.

[Demeter 🌱☀️ @XRPitch]

RT @HugoPhilion: We are used to seeing huge launch days for dapps in the EVM and other smart contract ecosystems. We aren’t used to this wi…

[Demeter 🌱☀️ @XRPitch]

@KingKaranCrypto Not scary when I’m earning delegation, flaredrops , and xrp via f assets. Just another day to earn!

[Demeter 🌱☀️ @XRPitch]

@flareforward We’ll keep up the good work man your def helping ppl get some freedom appreciate you

[Demeter 🌱☀️ @XRPitch]

@flareforward love your videos , learning defi through you guys. Quick question, do u find the fees or RFLR to be the better reward when supplying to LP pools. The rflr reward seems pretty good per day

[Demeter 🌱☀️ @XRPitch]

@flareforward It’s a great feeling. I stayed out of defi because it was “difficult and confusing “ but just takes some time to learn and you guys have been so helpful so thank you. Recently supplied to usdt and FXRP, and walked away with 5-6$ in fees and more xrp due to price drop. Win win

[Demeter 🌱☀️ @XRPitch]

@flareforward Oh yea definitely, I’ve been following your channel and experimenting with enosys pools thanks to you . Making small gains atm but those are per day, on an annual basis it adds up

[Demeter 🌱☀️ @XRPitch]

@flareforward Gotcha, appreciate the response, I’ve bullish on FLR and xrp so anything increasing my quantity of tokens. The fees have been a few dollars here and there in enosys but the rFLR is definitely a decent reward imo

[Demeter 🌱☀️ @XRPitch]

@flareforward testing out borrowing vs my fxrp, just straight flr for delegation and drops. Think it’s a decent plan? Testing with small amounts

[Demeter 🌱☀️ @XRPitch]

@lIllIlllIIIll Honestly what a god, I was def criticizing that move, good for u sticking to your guns

[Demeter 🌱☀️ @XRPitch]

@KingKaranCrypto Pay off the house, solar panels for self sufficiency, invest more !

[Demeter 🌱☀️ @XRPitch]

@ValueVariance25 @CYRNOS_80 @FlareNetworks @Ledger Just started earning this month but new collection day should be very soon

[Demeter 🌱☀️ @XRPitch]

@HugoPhilion thank you Hugo and team for enabling me to earn a blue chip crypto like XRP, gonna be yield farming for years to come !

[Demeter 🌱☀️ @XRPitch]

@CYRNOS_80 @FlareNetworks @Ledger No prob, go to https://t.co/03uB1Dy95p click the emissions tab and read the FAQs they give a lot of info . Happy compounding ☀️

[Demeter 🌱☀️ @XRPitch]

@CYRNOS_80 @FlareNetworks @Ledger Can only collect once per month , on the flare portal

[Hugo Philion @HugoPhilion]

After a week of meetings with lots of partners in Singapore I’m more convinced of the utility of what Flare is building that at any point in the past. 🐂