The xeETH token, also called leveraged eETH, is a decentralized, composable leveraged long eETH futures contract with a low risk of liquidations and 0 funding fee (and in extreme cases, xETH minters can earn fees). It’s a token to amplify your gains on a long-term bet on ETH price growth. rUSD is a stablecoin that uses the same mechanism as fxUSD, but with its reserve comprised of only ETH Liquid Restaking Tokens (LRT), starting with Ether.fi’s eETH. Hence, xeETH was born.