DeFi import solution for Cardano (ADA) based applications (dApps)

DeFi stands for Decentralized Finance and enables the transfer or trading of crypto assets within one or more decentralized networks (blockchains). The requirement for this is the smart contract capability of the corresponding blockchain (Cardano). Often, your crypto assets do not even have to leave your private crypto wallet. It is enough to sign a smart contract between you and the decentralized application (dApp).

Cardano transactions can be imported automatically into your Blockpit Wallet Integration via public key.

 

The following Cardano based transactions are automatically imported:

General

check.png All native transactions (Deposits, Withdrawals, Trades, etc.)
check.png All balances (Staking Rewards are already included in the Synced Balance)

Staking Rewards are not imported per epoch, instead they are correctly imported as a Staking transaction into your integration at the time of the actual inflow/claim (withdraw). However, the Synced Balance of your integration is displayed in full in advance. The resulting "Mismatched Balance" Tip can be ignored.

 

Wallets

check.png Yoroi Wallet (Public key with 128 characters can be found in the wallet settings > wallet > export wallet > export)
check.png Daedalus Wallet (Public key starting with acct_ can be found in the wallet menu > more > settings > wallet public key)
check.png Byron Era (Public key starting with acct_)
check.png Shelley Era (Public key starting with xpub)

Depending on the type of wallet used, simple or extended public keys are used. Cardano work with the abbreviations acct_ (Daedalus), xpub (Shally Era) or 128+ character Hex-Keys (Yoroi).

 

Swaps (Trades)

Swaps are the exchange (trade) of one crypto asset for another. Swaps are processed via decentralized exchanges (DEX).

Why is my swap recognised as unlabeled Deposit and Withdrawal?

NFTs

Inflows and outflows of Non Fungible Tokens (NFTs) are automatically imported into your Cardano integration in the form of unlabeled Deposit, unlabeled Withdrawal or Trade transactions.
Your NFT assets will be created completely dynamically through your Public Key.

The following NFT Transactions and dApps are supported:

check.pngMints
check.pngClaims
check.pngTransfers
check.pngTrades

Liquidity Providing/Mining

The providing of crypto assets in so-called liquidity pools is represented in the form of several swaps or trade transactions. The crypto assets provided are exchanged in equal parts for a so-called LP token. This LP token then represents your share in the corresponding liquidity pool. As soon as you leave the pool again, it is swapped back.

Why is my LP transaction imported as unlabeled Deposit and Withdrawal?

Staking, Airdrop & Bounty Rewards

If rewards are getting imported as unlabeled Deposit, you can relabel these transactions to the appropriate transaction label (Staking, Lending, Airdrop or Bounty) as shown in the image below.

Tip: Free NFT mints can be relabeled as Airdrops. You can identify them by the transaction note "Fallback_Claim".

Screenshot_2023-05-19_at_13.01.39.png

Use the Bulk Editing Feature for relabeling of multiple transactions.

 

Troubleshooting:

My transactions are imported incorrectly!

  1. Create your integration a second time under a different name and check if your transactions are now imported correctly.

  2. If your transactions are imported under an incorrect transaction label, you can edit them manually. Alternatively, please send us your public wallet address (public key) as well as the corresponding transaction hash from Cardano Scan via ticket.

How does the asset balance calculation differ between Automatic and Manual Integrations?

Why is the value of some assets not displayed in the dashboard?

 

 

How do I receive an automatic tax report for my Cardano wallet?

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