The world of web 3 is full of exciting new opportunities — but it also comes with its fair share of challenges. For founders and accountants, one of the biggest challenges is keeping track of all the different tokens and assets. In this blog post, we’ll explore some of the…

With NFTs gaining popularity, NFT accounting remains a challenge. This is because NFTs function differently from regular fungible crypto tokens, making them difficult to use or divide fractionally. Further, NFTs are non-fungible and can’t be exchanged for one another like cryptocurrencies. Therefore NFTs have to have different accounting processes in…

Aave is an open source liquidity protocol that allows its users to earn interest on crypto and borrow various crypto assets. Aave is structured as a decentralized autonomous organization, with $AAVE as the governance token. AAVE allows users to borrow and lend assets across various liquidity pools. AAVE allows for…

Compound is a decentralised borrowing protocol, enabling crypto holders to earn yield on their assets. The initial whitepaper was published in 2019, and Compound protocol currently has over USD 9 billion in assets earning interest across 18 markets. Compound is structured as a DAO has issued COMP tokens, and token…