Jaypeggers is a tax-loss harvesting solution for NFTs. Backed by the JAY token, Jaypeggers enables users to secure tax savings by harvesting NFT losses, earn platform rewards and hunt for arbitrage.
Tax-loss harvesting is a common investment strategy that involves selling an asset at a loss in order to offset capital gains and reduce tax liability for a given year. Learn more about tax-loss harvesting here.
JAY is a financial tool that provides the exit liquidity necessary to sell your NFTs. Users pay a small fee to Jaypeggers for each NFT they wish to sell. Jaypeggers issues JAY to the user in proportion to the number of NFTs being sold. This transaction enables users to realize a loss on their NFT(s) and ultimately reduce their capital gains tax liability.