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Tax Loss Harvester#149

My LR feature idea: The Tax Loss Harvester

Provide users with the option to sell their NFTs for a symbolic price like 0.01 $LOOKS so they can write off the loss.

Sometimes an NFT collection becomes so illiquid that you’re simply unable to sell them at all which sucks if you want to harvest the loss for tax reasons.

This new feature would be a win for both sides: the user can harvest their loss and LR gets a bunch of NFTs basically for free. If one of the NFTs’ floorprice ever rises again, LR could sell them and give the acquired ETH back to stakers.

(To optimise gas costs, it should be possible to sell multiple NFTs at once.)

What do you guys think? Shouldn’t be too hard to implement (I guess haha), is useful, adds a usecase for $LOOKS and OS doesn’t have this option.

3 years ago

Good suggestion, thanks!

3 years ago