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 all-time, tracked wallets deposited $397.25M and withdrew $300.85M, leaving net flow of $96.40M. New-wallet capital contributed $56.19M; returning-wallet capital contributed $341.06M.
Flow by wallet cohort
| Cohort | Wallets | Deposits | Withdrawals | Net flow | Definition |
|---|---|---|---|---|---|
| New wallets | 1,905 | $397,250,744 | $300,558,799 | $96,691,945 | Wallets whose first observed collateral deposit occurred in this period. |
| Returning wallets | 6 | $0 | $293,746 | -$293,746 | Previously-seen wallets adding or removing collateral again. |
Largest deposits
Ranks individual collateral-in events by USD amount.
| Wallet | Pool | Amount | Time |
|---|---|---|---|
| 0xbbaf…162f | BTC long | $4,879,067 | No snapshot yet |
| 0x277c…f6f3 | ETH long | $3,679,248 | No snapshot yet |
| 0x36cd…d195 | BTC long | $3,104,389 | No snapshot yet |
| 0xbbaf…162f | BTC long | $3,051,431 | No snapshot yet |
| 0x36cd…d195 | BTC long | $2,652,636 | No snapshot yet |
| 0x277c…f6f3 | ETH long | $2,529,780 | No snapshot yet |
| 0xbbd9…c973 | ETH long | $2,494,276 | No snapshot yet |
| 0xba75…0252 | ETH long | $2,416,696 | No snapshot yet |
| 0x160c…acd5 |
| BTC long |
| $2,303,624 |
| No snapshot yet |
| 0x277c…f6f3 | ETH long | $2,213,096 | No snapshot yet |
Largest withdrawals
Ranks individual collateral-out events by USD amount.
| Wallet | Pool | Amount | Time |
|---|---|---|---|
| 0xafd8…d27e | BTC long | $8,416,345 | No snapshot yet |
| 0xbbaf…162f | BTC long | $3,360,450 | No snapshot yet |
| 0x36cd…d195 | BTC long | $2,652,636 | No snapshot yet |
| 0xbbd9…c973 | ETH long | $2,421,169 | No snapshot yet |
| 0xd199…a31e | ETH long | $2,339,528 | No snapshot yet |
| 0x774b…f79f | ETH long | $2,137,069 | No snapshot yet |
| 0x48c6…2555 | BTC long | $2,101,669 | No snapshot yet |
| 0xbbaf…162f | BTC long | $2,087,110 | No snapshot yet |
| 0x277c…f6f3 | ETH long | $2,085,608 | No snapshot yet |
| 0xbbaf…162f | BTC long | $1,909,324 | No snapshot yet |