About this explorer

f(x) Protocol V2 offers leveraged positions on wstETH and WBTC, funded by fxUSD debt. The protocol does not act on positions one at a time: funding fees, rebalances and liquidations consume whole ticks — narrow buckets of positions grouped by debt ratio — and a position is shares in its tick.

Each row of the listing is one position (an NFT): its collateral, its fxUSD debt, and its standing after every tick-wide event that touched it. Debt stays stated as fxUSD — it is never assumed to be a dollar. Or see the pools and their tick ladders.