How do I do crypto accounting on Blast?

Ingest on-chain transactions, classify with rules, reconcile historical balances, value positions at period end, and export summarized journals to your ERP, with clear treatments for DeFi, swaps, and gas fees.

Does Tulo support DeFi on Blast?

Yes, major DeFi patterns are supported. Transactions and balances are normalized for reporting and audit.

Can I sync Blast activity to my ERP?

Yes. Post-reviewed journals can be exported with entity and account dimensions for ERP posting and reconciliation.

Crypto accounting on Blast | Tulo

Blast is an Ethereum Layer 2 that uniquely offers native yield generation for both ETH and stablecoins held on the network. Unlike other L2s, Blast automatically generates yield on idle assets through liquid staking and real-world asset protocols. The platform aims to maximize capital efficiency by ensuring users earn returns on their holdings by default. Blast has attracted significant Total Value Locked (TVL) due to its innovative yield-generating mechanics.

What does crypto accounting on Blast involve?

Ingesting on-chain transactions into a human-readable general ledger.
Tracking historical token balances and cost basis for realized/unrealized gains.
Classifying DeFi (swaps, LP, staking, bridges) with clear audit trails.
Mapping activity to a chart of accounts for financial statements.

Recommended workflow for finance teams

Connect wallets, custodians, and contracts relevant to Blast.
Auto-tag common patterns (transfers, swaps, fees) using rules.
Reconcile balances across custody sources and on-chain snapshots.
Review exceptions, assign accounts/entities, and export to ERP.

Common accounting treatments on Blast

Gas fees: typically expensed; capitalize when attributable to asset acquisition.
Swaps: disposal + acquisition with fair value at execution.
Staking rewards: recognize income upon receipt; track tax lots for disposals.
LP positions: record deposits/withdrawals; value positions to capture P/L.

ERP integration

Export summarized journals to your ERP with entity, account, class, and memo dimensions. Keep IDs consistent across environments to support automated, repeatable syncs.