Buy one token that holds equal parts of the seven biggest US tech stock tokens, and redeem it for them anytime.

Official links: Website (hmag7.com) · App (hmag7.com) · @hMAG7index (x.com) · Docs (hmag7.com) · DefiLlama (defillama.com)

What Hood Index does

• Mint hMAG7 with ETH or USDG in one transaction, or in-kind with the 7 stocks
• Redeem hMAG7 for AAPL, MSFT, GOOGL, AMZN, NVDA, META and TSLA tokens 24/7
• NAV priced by Chainlink feeds on Robinhood Chain
• Index factory lets anyone launch their own index

0.30% mint fee, 0.30% redeem fee and 1%/year streaming fee (hard-capped in code) flow to a converter meant to buy back and burn M7 and pay M7 stakers.

Hood Index runs hMAG7, a 1:1 collateralized index of the MAG7 stock tokens priced by Chainlink feeds on Robinhood Chain: it can be minted with ETH or USDG or in kind, and redeemed for the seven underlying stock tokens at any time. It is a claim on those tokens, not a synthetic. The vault is deployed and minting but tiny, the M7 token that fees are meant to buy back and burn has not launched, and the docs say the contracts are unaudited.

• On Robinhood Chain since: 2026-07
• Founded: 2026
• Team: Anonymous; no team named. Site says it is an independent protocol, not affiliated with Robinhood.
• Token: Planned, not launched
• Audits: None published

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