Hyperliquid is a decentralized perpetual exchange built on its proprietary Layer 1 blockchain, Hyperliquid L1. It offers high-speed, low-latency trading with deep liquidity, supporting over 130 crypto assets for perpetual and spot trading. The platform features an on-chain order book, advanced order types, and up to 50x leverage, aiming to provide a user experience comparable to centralized exchanges while maintaining decentralization. Hyperliquid also introduces innovative concepts like “Pre Markets,” allowing speculation on tokens before their official launch.

With Kryptos, you can easily track your Hyperliquid trades & balances in real-time and gain insights into your holdings, generate holdings and tax reports, and manage your portfolio.

Managing your portfolio with Kryptos

After integrating Hyperliquid, Kryptos offers a suite of tools to help you manage and optimize your portfolio effectively. Here are some key use cases:

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• Real-Time Portfolio Tracking: Monitor your crypto assets with real-time insights into holdings, transactions, and market movements for informed decision-making.
• Asset Allocation Insights: Analyze the distribution of your investments, identify overexposures, and rebalance your portfolio to diversify and reduce risk.
• Integrated DeFi & Staking Overview: Manage both traditional crypto assets and DeFi investments, with a consolidated view of earnings and positions.
• Tax-Loss Harvesting: Identify opportunities to sell underperforming assets to offset gains and reduce tax liability, especially during year-end planning.
• Transaction Categorization: Automatically categorize transactions for better organization, making it easier to analyze your portfolio and generate reports.

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Tax Reporting

How to generate Tax Reports

Once you have integrated all of your wallets and exchanges, generating tax reports is straightforward:

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• Go to Reports from the main menu.
• Scroll down and you’ll see the “Reports” section.
• Choose your desired report and click on the Complete icon to download the report.

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How are crypto transactions taxed?

• Income Tax: If you earn rewards from staking, lending, or receiving crypto payments, you may need to pay income tax.
• Capital Gains Tax: Profits from selling or disposing of crypto assets, such as HYPE, BTC, or ETH, are typically subject to capital gains tax.

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Kryptos automatically calculates these taxes based on your crypto transaction data, ensuring accuracy and compliance with local regulations.

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Troubleshooting and Support

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Common Issues

• Invalid Credentials: Make sure to copy the entire wallet address string.
• Sync Failed: Make sure to copy the correct address from the respective network.

Support Channels

• Help Center: Visit the Kryptos Help Center for detailed guides and FAQs.
• Live Chat: Use the live chat option on the Kryptos website for immediate assistance.
• Email Support: Contact support@kryptos.io for email support.

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