Accounting for crypto staking activities
Hot Topic | December 2024
Exploring accounting considerations and challenges around staking crypto intangible assets on proof-of-stake blockchains
In this Hot Topic, we describe crypto intangible assets staking, summarize common fact patterns and outline key decision points for validators and delegators associated with accounting for staked tokens and staking activities.
Applicability
All entities that stake crypto intangible assets on proof-of-stake blockchains, including both validators and delegators.
Relevant dates
- Effective immediately
Topics addressed:
- Key staking concepts
- Whether to derecognize staked crypto intangible assets (staked tokens)
- Determining the principal to validation activities
- Transaction fees earned by a validator
- Staking rewards
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Accounting for staking activites
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