For most users, WAL earned through staking is treated as taxable income at the moment it is received, not when it is sold. The taxable value is usually calculated based on the fair market price of WAL at the time the reward is credited to the wallet. This applies even if the user does not immediately convert or use the tokens. Later, if the user sells or transfers WAL, a separate capital gains or losses calculation may apply based on price movement after receipt. Because tax treatment varies significantly by jurisdiction, Walrus itself does not define or enforce tax rules. Users are responsible for understanding local regulations and maintaining accurate records of staking rewards and timestamps.
@Walrus 🦭/acc #walrus $WAL
