Dai (DAI) Tax Guide
Dai taxes: trading, DSR savings and capital gains in Europe.
How is Dai taxed?
Dai (DAI) is a decentralized stablecoin by MakerDAO and is taxed like any cryptocurrency in Europe. Every trade involving DAI generates a taxable event. As with other stablecoins, converting crypto to DAI is a taxable disposal.
DAI Savings Rate and DeFi usage
The DAI Savings Rate (DSR) allows DAI holders to earn interest, which is taxable as income. Minting DAI by depositing collateral in a Maker vault is generally not a taxable event (it is a loan), but liquidations are. DAI is widely used across DeFi protocols, each interaction potentially creating taxable events.
How Taxes Crypto handles Dai
Taxes Crypto imports your DAI transactions from supported exchanges, tracks DSR interest and DeFi activities, and calculates your capital gains using your country's official tax method.
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