Songbird is Flare’s canary network is used for testing new features and decentralized apps before mainnet deployment. It also plays a role in Flare’s governance by facilitating proposal voting. With Kryptos, you can easily track your Songbird wallet in real-time and gain insights into your holdings, generate holdings and tax reports, and manage your portfolio.

Pick your import method.

On Songbird

Go to your Songbird wallet.
It can be Metamask, Ledger, or any wallet that supports the Songbird.
On your wallet, ensure you’ve selected Songbird as your primary network.
Copy your wallet address.

On Kryptos

Go to Kryptos.io & signup using your Google account.
From the menu, click on Integrations.
Click on Add Integration, and search for Songbird.
Now, click on the Songbird icon.
Select Import using Address
Name your wallet anything you would like.
Paste your Songbird wallet address.
Click on Import Your Transactions. All transactions are directly imported and tagged by default.

Managing your portfolio with Kryptos

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

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.

Tax Reporting

How to generate Tax Reports

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

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.

How are Songbird 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 WAN or wETH, are typically subject to capital gains tax.

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

Troubleshooting and Support

Common Issues

API Errors: Ensure your API keys are correct and have the necessary permissions.

CSV Upload Issues: Verify the naming of the CSV files as mentioned above.

Missing Transactions on CSV: Check the date range and account settings on Songbird.

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.

Connect Songbird with Kryptos.