garagesale
easy tax-loss harvesting on old NFTs and continuous dutch auctions @
@dcon.eth
0/ Introducing “Garage Sale”, an ethereum app to sell old NFTs for tax savings and to auction off those tokens at a discount
https://garagesale.finance/
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@dcon.eth
Bounty just posted to try out /garagesale for your end-of-year tax loss harvesting 💸
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@dcon.eth
we just migrated the Garage Sale subgraph to the decentralized
@graphprotocol network 🛠️
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@dcon.eth
/garagesale will buy any token instantly, letting you quickly and conveniently harvest losses on old NFTs
the contract holds those tokens indefinitely and continuously runs shuffled auctions in parallel to resell those tokens to any interested buyers
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@chado
How exactly does this work? Is it an auction, so someone still has to buy it, or does it send it to a kill address?
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@dcon.eth
If your tax year is ending soon, check out /garagesale for simple tax loss harvesting
https://twitter.com/garagesale_fi/status/1770470407113421019
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@dcon.eth
the /garagesale smart contracts are open-sourced here
https://github.com/devinaconley/garage-sale
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@dcon.eth
Garage Sale is designed to allow tax loss harvesting on NFTs without requiring any new token approvals
🔒 good for wallet safety
⛽️ lower gas costs
👌 easier to use (especially across multiple collections)
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@dcon.eth
Prior to launch, the Garage Sale protocol was audited by
CD Security 🔒
They conducted a thorough smart contract review for functionality and security of token sales, dutch auctions, configuration, and more.
Check out the full report below 👇
https://garagesalefinance.s3.amazonaws.com/garagesale_audit_cd.pdf
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