[{"data":1,"prerenderedAt":162},["ShallowReactive",2],{"navigation":3,"chain-base":31},[4,22],{"title":5,"path":6,"stem":7,"children":8,"page":21},"Introduction","/docs/introduction","1.docs/2.introduction",[9,13,17],{"title":10,"path":11,"stem":12},"Why","/docs/introduction/why","1.docs/2.introduction/1.why",{"title":14,"path":15,"stem":16},"Blockchain as solution?","/docs/introduction/blockchain-as-solution","1.docs/2.introduction/2.blockchain-as-solution",{"title":18,"path":19,"stem":20},"What's the Solution?","/docs/introduction/wag3s-as-solution","1.docs/2.introduction/3.wag3s-as-solution",false,{"title":23,"path":24,"stem":25,"children":26,"page":21},"Api Documentation","/docs/api-documentation","1.docs/3.api-documentation",[27],{"title":28,"path":29,"stem":30},"getting started","/docs/api-documentation/api","1.docs/3.api-documentation/1.api",{"id":32,"title":33,"body":34,"chain":129,"considerations":130,"coverage":134,"description":35,"extension":143,"faq":144,"hero":148,"meta":149,"navigation":150,"path":151,"related":152,"seo":157,"stem":158,"summary":51,"transactionTypes":159,"__hash__":161},"chains/chains/base.yml","Base Crypto Accounting & Tax — Coinbase L2 Coverage",{"title":33,"description":35,"seo":36,"chain":39,"hero":48,"summary":51,"coverage":52,"transactionTypes":76,"considerations":92,"faq":102,"related":112},"Native subledger for Base — Coinbase ecosystem flows, USDC-native treasury, sequencer revenue routed to Coinbase, and Aerodrome ve(3,3) positions.",{"title":37,"description":38},"Base Crypto Accounting & Tax — Wag3s Coverage","How Wag3s handles Base accounting — Coinbase ecosystem flows, USDC-native treasury, Aerodrome positions, sequencer revenue, and bridge reconciliation.",{"name":40,"slug":41,"type":42,"ecosystem":43,"consensus":44,"nativeToken":45,"explorer":46,"supportedSince":47},"Base","base","L2","Ethereum","Optimistic rollup (OP Stack)","ETH","https://basescan.org","2024",{"eyebrow":40,"title":49,"subtitle":50},"Base — the Coinbase L2 with USDC-native treasury flows","Base is the L2 most operating teams pick when their treasury is already on Coinbase. We handle the bridge math, the sequencer revenue routing, the USDC-native flows, and the Aerodrome positions in one workspace.","Base launched in 2023 as Coinbase's OP-Stack L2 and grew into one of the most active EVM chains by transaction count. For a finance team, the appeal is the Coinbase distribution — bridge from Coinbase, transact on Base, settle back to Coinbase, all in one closed loop. The accounting wrinkles match: Base sequencer revenue routes to Coinbase rather than to a foundation, USDC is treated as the de-facto base asset rather than ETH on most DeFi flows, and Aerodrome's ve(3,3) tokenomics require lock and bribe accounting that doesn't exist on Ethereum mainnet. We cover all of it.\n",{"title":53,"items":54},"What's tracked on Base",[55,58,61,64,67,70,73],{"label":56,"description":57},"Native ETH transfers on L2","With OP-Stack fee structure (L1 data fee + L2 execution fee broken out).",{"label":59,"description":60},"USDC-native flows","Most DeFi protocols on Base price in USDC. Cost basis and realized gain calculated against the right denomination.",{"label":62,"description":63},"Aerodrome positions","ve(3,3) lock, vote, and bribe accounting. AERO and veAERO tracked separately.",{"label":65,"description":66},"ERC-20 transfers","USDC, USDT, AERO, BRETT, DEGEN, and the long tail of Base-native tokens.",{"label":68,"description":69},"Coinbase bridge events","Coinbase → Base deposit, Base → Coinbase withdrawal, reconciled against Coinbase Prime statements.",{"label":71,"description":72},"L1 ↔ L2 bridge (general)","Standard OP Stack 7-day optimistic withdrawal for non-Coinbase paths.",{"label":74,"description":75},"Sequencer revenue","For protocols and DAOs receiving sequencer fee distributions.",{"title":77,"items":78},"Common Base transaction patterns",[79,80,81,82,83,84,85,86,87,88,89,90,91],"Coinbase → Base deposit (instant settlement on Base)","Base → Coinbase withdrawal (instant via Coinbase relayer)","L1 → Base deposit (general path)","Base → L1 withdrawal (7-day window)","Aerodrome swap","veAERO lock","Aerodrome vote / bribe receipt","Compound on Base supply / borrow","Morpho on Base supply / borrow","USDC transfer (in / out)","Friend.tech or Farcaster-related on-chain action","Onchain Summer NFT mint","Coinbase Smart Wallet (passkey-authenticated transaction)",[93,96,99],{"title":94,"body":95},"Coinbase bridge is faster than the standard L2 bridge","A direct Coinbase → Base or Base → Coinbase transfer settles in minutes via Coinbase's own relayer, not in 7 days via the standard OP-Stack bridge. We detect the path and apply the right settlement timing — important for treasury cash forecasting.",{"title":97,"body":98},"USDC is the de-facto base asset on Base DeFi","Most Base DeFi protocols quote in USDC, not ETH. For realized-gain calculation on a swap, the cost basis follows the input asset; the proceeds follow the output asset. A USDC → ETH swap on Aerodrome is a USDC sale for an ETH buy, with the realized gain on USDC computed against its cost basis (typically near-zero given USDC's stable peg, but tracked).",{"title":100,"body":101},"Aerodrome vote bribes are ordinary income","Voters who delegate veAERO to specific gauges receive bribes from protocols soliciting votes. These bribes are ordinary income on receipt, valued at the bribe-token's price on the receipt date. We book them automatically.",[103,106,109],{"question":104,"answer":105},"How does Wag3s reconcile Base activity against Coinbase Prime?","We pull the Coinbase Prime statement at month-end and reconcile every Coinbase ↔ Base bridge event against the Coinbase-side movement. The closed loop (deposit → on-chain activity → withdrawal back to Coinbase) is reconciled end-to-end so the auditor sees a clean trail.",{"question":107,"answer":108},"Do you support Coinbase Smart Wallet?","Yes. Coinbase Smart Wallet is an EIP-4337 smart-account wallet with passkey authentication. The transactions look slightly different from EOA transactions (entry-point pattern) but we decode them identically. The user's passkey is irrelevant to our side; we only see the on-chain activity.",{"question":110,"answer":111},"Are bribes received on Aerodrome ordinary income?","Yes — same treatment as ve(3,3) bribes on Velodrome (Optimism) or Curve (Ethereum). The bribe-token is received as ordinary income at fair-value on the receipt date. Subsequent sale of the bribe-token realizes gain or loss against that basis.",[113,117,121,125],{"to":114,"title":115,"description":116},"/chains/optimism","Optimism coverage","The OP Stack origin chain.",{"to":118,"title":119,"description":120},"/chains/ethereum","Ethereum mainnet coverage","L1 settlement layer.",{"to":122,"title":123,"description":124},"/integrations/coinbase-prime","Coinbase Prime integration","Custodian statement reconciliation.",{"to":126,"title":127,"description":128},"/blog/l2-accounting-arbitrum-optimism-base","L2 accounting — Arbitrum, Optimism, Base","How the three large L2s compare for treasury reporting.",{"name":40,"slug":41,"type":42,"ecosystem":43,"consensus":44,"nativeToken":45,"explorer":46,"supportedSince":47},[131,132,133],{"title":94,"body":95},{"title":97,"body":98},{"title":100,"body":101},{"title":53,"items":135},[136,137,138,139,140,141,142],{"label":56,"description":57},{"label":59,"description":60},{"label":62,"description":63},{"label":65,"description":66},{"label":68,"description":69},{"label":71,"description":72},{"label":74,"description":75},"yml",[145,146,147],{"question":104,"answer":105},{"question":107,"answer":108},{"question":110,"answer":111},{"eyebrow":40,"title":49,"subtitle":50},{},true,"/chains/base",[153,154,155,156],{"to":114,"title":115,"description":116},{"to":118,"title":119,"description":120},{"to":122,"title":123,"description":124},{"to":126,"title":127,"description":128},{"title":37,"description":38},"chains/base",{"title":77,"items":160},[79,80,81,82,83,84,85,86,87,88,89,90,91],"x4saLSV50uMpiYeYLzGsG-U4dWj7-OIZX_l9eUSjpUg",1778407988904]