RE: Salty Elon Haters Teach Us About Lifestyle Cost
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How does autocompounding farms mitigate taxes though?
For example, the one way I believe I can mitigate some taxes is by wrapping my $SPA on FTM. It's a rebasing protocol pegged to its increasing index so, in theory, me wrapping my sSPA should not be equivalent to the taxes I would pay if I had just merely held and staked SPA.
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As it compounds on your behalf there are no transactions hitting your wallet.
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How are rebase tokens different than auto-compounding tokens though?
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With rebase tokens the number of tokens in your wallet is changing. With autocompounders it isn't.
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