**Inquiry Regarding HYPE Token Staking and Cost Basis Tracking**
I would like to seek clarification on the expected behavior of the HYPE token mechanism.
**Scenario:**
I purchase 1 HYPE token at a price of $70 USD. I then stake this token for a period of 7 days. Upon unstaking and returning the token to my spot wallet, the system applies the current market price (existing spot price at the time of unstaking) rather than preserving the original acquisition price.
**Question:**
Is this the intended and correct behavior?
It would be more appropriate — and expected in many tokenized or DeFi systems — for the platform to internally flag or tag the asset with its pre-staking cost basis ($70 in this example). This would allow for accurate tracking of realized/unrealized PnL, proper accounting of entry price, and consistency in position management when moving between staking and spot balances.
Could you please confirm whether the current implementation (where the cost basis is not preserved and the spot price is updated upon unstaking) aligns with the designed protocol? If not, is there a planned update to maintain the original acquisition price for staked positions?
**Inquiry Regarding HYPE Token Staking and Cost Basis Tracking**
I would like to seek clarification on the expected behavior of the HYPE token mechanism.
**Scenario:**
I purchase 1 HYPE token at a price of $70 USD. I then stake this token for a period of 7 days. Upon unstaking and returning the token to my spot wallet, the system applies the current market price (existing spot price at the time of unstaking) rather than preserving the original acquisition price.
**Question:**
Is this the intended and correct behavior?
It would be more appropriate — and expected in many tokenized or DeFi systems — for the platform to internally flag or tag the asset with its pre-staking cost basis ($70 in this example). This would allow for accurate tracking of realized/unrealized PnL, proper accounting of entry price, and consistency in position management when moving between staking and spot balances.
Could you please confirm whether the current implementation (where the cost basis is not preserved and the spot price is updated upon unstaking) aligns with the designed protocol? If not, is there a planned update to maintain the original acquisition price for staked positions?
interesting - would be cool if you could have a staked hype balance under "balances", which also breaks into your pnl for staking "rewards"
interesting - would be cool if you could have a staked hype balance under "balances", which also breaks into your pnl for staking "rewards"
**Inquiry Regarding HYPE Token Staking and Cost Basis Tracking**
I would like to seek clarification on the expected behavior of the HYPE token mechanism.
**Scenario:**
I purchase 1 HYPE token at a price of $70 USD. I then stake this token for a period of 7 days. Upon unstaking and returning the token to my spot wallet, the system applies the current market price (existing spot price at the time of unstaking) rather than preserving the original acquisition price.
**Question:**
Is this the intended and correct behavior?
It would be more appropriate — and expected in many tokenized or DeFi systems — for the platform to internally flag or tag the asset with its pre-staking cost basis ($70 in this example). This would allow for accurate tracking of realized/unrealized PnL, proper accounting of entry price, and consistency in position management when moving between staking and spot balances.
Could you please confirm whether the current implementation (where the cost basis is not preserved and the spot price is updated upon unstaking) aligns with the designed protocol? If not, is there a planned update to maintain the original acquisition price for staked positions?
**Inquiry Regarding HYPE Token Staking and Cost Basis Tracking**
I would like to seek clarification on the expected behavior of the HYPE token mechanism.
**Scenario:**
I purchase 1 HYPE token at a price of $70 USD. I then stake this token for a period of 7 days. Upon unstaking and returning the token to my spot wallet, the system applies the current market price (existing spot price at the time of unstaking) rather than preserving the original acquisition price.
**Question:**
Is this the intended and correct behavior?
It would be more appropriate — and expected in many tokenized or DeFi systems — for the platform to internally flag or tag the asset with its pre-staking cost basis ($70 in this example). This would allow for accurate tracking of realized/unrealized PnL, proper accounting of entry price, and consistency in position management when moving between staking and spot balances.
Could you please confirm whether the current implementation (where the cost basis is not preserved and the spot price is updated upon unstaking) aligns with the designed protocol? If not, is there a planned update to maintain the original acquisition price for staked positions?
hey can you elaborate more?
hey can you elaborate more?