Hi Andreas

I have read the faq and docs on tracking staking - but since my sitiation involves restaking and compounding, I would like to confirm the step by step I came up with. Maybe if you can confirm or correct it will help others.

Lets say I intitially stake 10 cvxcrv on Convex, and earn 1 crv, 1 cvx, and 1 3crv as rewards. I want to restake and compound these rewards.

Step 1: Name Convex platform 'convex staking'. Deposit 10 crvcvx from 'my wallet'. Cost basis gets automatically assigned.

Step 2: Withdraw the rewards: 1 crv, 1 cvx, 1 3crv.  Assign catagory 'income'. This automatically gives them a cost basis of zero moving forward in the system. Correct?

Step 3; Convert the rewards back to cvxcrv and restake. Zero cost basis gets carried forward automaticvally into the conversion from step 2. Now I have 10 original crv in 'convex staking wallet', and 3 'new' crv now staking -   with two different cost basises.

Step 4: When I eventually stop staking and withdraw 14 cvxcrv to 'my wallet', all cost basis is correctly calculated already. I can  then sell those coins: 10 carrying  original cost basis, and the 3 coins from the second staking round having zero cost basis.

Does this work? Essentially just tracking profits, not staking and unstaking.

thanks

Chas