Whitepaper

IDFY Agent is a specialized tax calculation and reporting system for the Solana blockchain: Core Features: • FIFO cost basis tracking • Capital gains calculations • Transaction categorization • Performance analytics Key Benefits: • Accurate tax reporting • Automated calculations • Complete transaction history • Portfolio tracking

Built with modern technologies for reliability and performance: Core Components: • Transaction Processor • Tax Calculator • Data Manager • Report Generator Integration Points: • Solana RPC nodes • Token metadata • Wallet adapters • Price oracles

Multi-stage transaction analysis pipeline: Data Collection: • Wallet address validation • Transaction history fetching • Token metadata resolution • Price data aggregation Analysis: • Transaction type detection • Token amount calculation • Fee analysis • Transfer tracking

Comprehensive tax calculation system: Cost Basis: • FIFO lot tracking • Transaction ordering • Token-specific tracking • P&L calculation Tax Rules: • Capital gains/losses • Holding periods • Wash sale tracking • Income classification

Modern development stack: Frontend: • Next.js framework • TypeScript • Tailwind CSS • Framer Motion Blockchain: • Solana Web3.js • Wallet adapter • RPC integration • Program filtering

Robust data handling system: Storage: • Transaction history • Token metadata • Price data • User settings Features: • Real-time updates • Data validation • Error handling • Cache management

Planned enhancements: Near-term: • DeFi transaction support • NFT tracking • Multi-wallet views • Enhanced reporting Long-term: • Additional blockchains • API integrations • Custom tax rules • Advanced analytics