xSNXa is an ERC20 wrapper for the SNX token and the Synthetix staking process. xSNXa holders express a long term bullish view on the value of SNX staking rewards and sUSD trading fees. xSNXa is a set-and-forget token, requiring no active participation from holders. xSNXa holders hedge their sUSD debt exposure 75% in the ETHRSI6040 TokenSet and 25% in ETH. Fees are 0.2% to mint with SNX or ETH, 0.2% to burn to ETH and 1% of sUSD fees claimed.