Leash
A strap, rope, or tether connecting you to the wheel. When you step off (and you will), the wheel doesn’t roll away into traffic, down a hill, or into a parked car.
During learning
A leash is most useful in the first hours of riding. You’ll step off dozens of times. Without a leash, each dismount means chasing a wheel motoring away on its own, bouncing off curbs and collecting scratches.
The debate
Some riders argue leashes are dangerous because you can get tangled. Others swear by them. The middle ground: use one during low-speed practice, keep it short enough that it can’t wrap around your legs, and ditch it once your dismounts are controlled.
Mountains and terrain
Some riders also use a leash in the mountains or on steep technical terrain, where a runaway wheel can tumble far downhill. If you use one outside learning, it needs to be elastic and predictable: it should catch the wheel after a step-off, not yank you like an anchor or get pulled under your feet.
Fast asphalt
A leash is usually a bad idea at high speed on asphalt. When a rider ignores the beeps, a crash can turn the wheel into a heavy projectile on a tether. The EUC community has seen cases where the wheel cartwheeled after that, smashing its top and controller area, with more damage than if it had slid away.
555 take
Use a leash while learning and, maybe, in slow steep terrain if your setup is elastic and controlled. Your wheel is expensive and it will run away without one, but on fast asphalt a leash can add chaos instead of reducing it. Once you can reliably ride without falling off every 30 seconds, you can retire it.