> For the complete documentation index, see [llms.txt](https://docs.aladdin.club/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.aladdin.club/f-x-protocol/what-is-leveraged-eth-xeth-and-why-would-i-need-it.md).

# What is Leveraged ETH (xETH), and why would I need it?

The xETH token, also called leveraged ETH, is a decentralized, composable leveraged long ETH 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. 

Its current NAV is showing on the dashboard.

<figure><img src="/files/WW8w0k3cULnTzEnCWmXz" alt=""><figcaption></figcaption></figure>