Maker (MKR) Tax Guide
Maker taxes: trading, governance, DAI and capital gains in Europe.
How is Maker taxed?
Maker (MKR) is the governance token of the MakerDAO protocol that issues the DAI stablecoin. It is taxed like any cryptocurrency in Europe. Every sale or trade of MKR generates a taxable capital gain or loss.
Governance and DAI Savings Rate
Participating in Maker governance by staking MKR does not itself create taxable events, but MKR burned during liquidations and new MKR minted have tax implications. Using the DAI Savings Rate (DSR) generates interest income that is taxable upon accrual or withdrawal depending on your jurisdiction.
How Taxes Crypto handles Maker
Taxes Crypto imports your MKR transactions from supported exchanges, tracks governance activities and DSR interest, and calculates your capital gains using your country's official tax method.
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