
Crypto accounting on Celestia
A practical overview to help finance teams on Celestia.
Celestia is a modular blockchain network that provides data availability and consensus services for other blockchains to build upon. It pioneered the concept of separating consensus and execution, allowing rollups and other chains to focus on execution while Celestia handles data availability. This modular approach enables more scalable and flexible blockchain architectures compared to monolithic designs. Celestia represents a fundamental shift toward modular blockchain infrastructure that can support diverse execution environments.
What does crypto accounting on Celestia 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 Celestia.
- 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 Celestia
- 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.