Wonderly Finance xETH ($XETH) is a synthetic ERC-20 token on Arbitrum of Wonderly Finance that is pegged 1:1 to the price of ETH.
The Wonderful Protocol is a DeFi project aimed at developing and popularizing synthetic tokens for multiple L1 & L2 Ecosystems. Imagine having exposure to the price of FTM, AVAX, ETH, or any other token without actually owning it.
