f(x) Protocol
f(x) Protocol
Capital Flows
This page measures collateral entering and leaving f(x) positions. Deposits and withdrawals are converted to USD from collateral movements: long-pool collateral uses the latest pool oracle, short-pool collateral is treated as fxUSD-denominated collateral. It is a capital-flow lens, not PnL.
Research narrative
Over 7 days, tracked wallets deposited $4.45M and withdrew $6.01M, leaving net flow of -$1.56M. New-wallet capital contributed $185K; returning-wallet capital contributed $4.26M.
Flow by wallet cohort
| Cohort | Wallets | Deposits | Withdrawals | Net flow | Definition |
|---|---|---|---|---|---|
| New wallets | 9 | $187,566 | $0 | $187,566 | Wallets whose first observed collateral deposit occurred in this period. |
| Active adders | 9 | $45,541 | $20,327 | $25,214 | Wallets with three or more deposit events in the selected period. |
| Returning wallets | 28 | $220,487 | $249,248 | -$28,761 | Previously-seen wallets adding or removing collateral again. |
| Whale deposits | 2 | $3,992,853 | $5,738,711 | -$1,745,858 | Wallets with at least one deposit of $100K+ in the selected period. |
Largest deposits
Ranks individual collateral-in events by USD amount.
| Wallet | Pool | Amount | Time |
|---|---|---|---|
| 0x36cd…d195 | BTC long | $2,651,558 | No snapshot yet |
| 0xda71…c13e | BTC long | $483,242 | No snapshot yet |
| 0x36cd…d195 | BTC long | $422,792 | No snapshot yet |
| 0x36cd…d195 | BTC long | $386,356 | No snapshot yet |
| 0x252c…3940 | ETH long | $161,630 | No snapshot yet |
| 0x578a…c608 | BTC long | $86,213 | No snapshot yet |
| 0x36cd…d195 | BTC long | $48,905 | No snapshot yet |
| 0xc8fe…afa4 | ETH long | $25,233 | No snapshot yet |
| BTC long |
| $19,633 |
| No snapshot yet |
| 0x9da9…5bbb | ETH long | $16,546 | No snapshot yet |
Largest withdrawals
Ranks individual collateral-out events by USD amount.
| Wallet | Pool | Amount | Time |
|---|---|---|---|
| 0x36cd…d195 | BTC long | $2,651,558 | No snapshot yet |
| 0x36cd…d195 | BTC long | $1,572,228 | No snapshot yet |
| 0x36cd…d195 | BTC long | $1,514,926 | No snapshot yet |
| 0xc8fe…afa4 | ETH long | $121,785 | No snapshot yet |
| 0x82bf…6a75 | BTC short | $51,328 | No snapshot yet |
| 0x682b…6f93 | BTC short | $20,333 | No snapshot yet |
| 0x1212…2fdc | ETH short | $13,618 | No snapshot yet |
| 0xf98c…ca94 | ETH short | $12,434 | No snapshot yet |
| 0xf628…fd49 | BTC long | $11,503 | No snapshot yet |
| 0x82bf…6a75 | BTC short | $10,337 | No snapshot yet |