Hood Index on Robinhood Chain

Hood Index proposes a 1:1 collateralized index of the MAG7 stock tokens, priced by Chainlink, with trading fees used to burn the M7 token. Buying one index token would mean holding a claim on the seven underlying stock tokens rather than a synthetic tracking them. The project is at announcement stage — nothing meaningful is live on chain yet, so treat the mechanism described here as the plan.

hmag7.com · @hMAG7index · DefiLlama

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