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 30 days, tracked wallets deposited $22.02M and withdrew $17.22M, leaving net flow of $4.80M. New-wallet capital contributed $479K; returning-wallet capital contributed $21.54M.
Flow by wallet cohort
| Cohort | Wallets | Deposits | Withdrawals | Net flow | Definition |
|---|---|---|---|---|---|
| Whale deposits | 4 | $18,818,360 | $12,088,797 | $6,729,563 | Wallets with at least one deposit of $100K+ in the selected period. |
| New wallets | 41 | $549,853 | $124,780 | $425,073 | Wallets whose first observed collateral deposit occurred in this period. |
| Returning wallets | 138 | $1,149,876 | $1,622,005 | -$472,129 | Previously-seen wallets adding or removing collateral again. |
| Active adders | 51 | $1,502,923 | $3,385,184 | -$1,882,261 | Wallets with three or more deposit events in the selected period. |
Largest deposits
Ranks individual collateral-in events by USD amount.
| Wallet | Pool | Amount | Time |
|---|---|---|---|
| 0x36cd…d195 | BTC long | $2,652,636 | No snapshot yet |
| 0x36cd…d195 | BTC long | $1,697,410 | No snapshot yet |
| 0x36cd…d195 | BTC long | $1,549,483 | No snapshot yet |
| 0x36cd…d195 | BTC long | $1,413,010 | No snapshot yet |
| 0x36cd…d195 | BTC long | $1,256,433 | No snapshot yet |
| 0xda71…c13e | BTC long | $923,077 | No snapshot yet |
| 0x36cd…d195 | BTC long | $916,473 | No snapshot yet |
| 0x36cd…d195 | BTC long | $819,220 | No snapshot yet |
| 0x36cd…d195 |
| BTC long |
| $705,663 |
| No snapshot yet |
| 0x36cd…d195 | BTC long | $632,891 | No snapshot yet |
Largest withdrawals
Ranks individual collateral-out events by USD amount.
| Wallet | Pool | Amount | Time |
|---|---|---|---|
| 0x36cd…d195 | BTC long | $2,652,636 | No snapshot yet |
| 0x36cd…d195 | BTC long | $1,900,520 | No snapshot yet |
| 0x36cd…d195 | BTC long | $1,755,680 | No snapshot yet |
| 0x36cd…d195 | BTC long | $1,572,868 | No snapshot yet |
| 0x36cd…d195 | BTC long | $1,515,542 | No snapshot yet |
| 0xda71…c13e | BTC long | $707,955 | No snapshot yet |
| 0xda71…c13e | BTC long | $626,240 | No snapshot yet |
| 0xda71…c13e | BTC long | $537,968 | No snapshot yet |
| 0xda71…c13e | BTC long | $463,355 | No snapshot yet |
| 0x32b4…0b06 | BTC long | $349,008 | No snapshot yet |