Ask about Hood IndexTotal Value Locked$82.89
TVL by Chain
Robinhood Chain$82.89
Protocol Information
hMAG7 is a fully-backed on-chain index of the seven MAG7 tokenized stocks on Robinhood Chain (AAPL, MSFT, GOOGL, AMZN, NVDA, META, TSLA). Shares mint and redeem in-kind against the IndexVault; NAV is priced via Chainlink feeds. No leverage, no rehypothecation.
Category:Indexes
Methodology
TVL: TVL is the value of the seven Robinhood Chain stock tokens (MAG7: AAPL, MSFT, GOOGL, AMZN, NVDA, META, TSLA) held as collateral in the hMAG7 IndexVault. The index is fully backed and mints/redeems in-kind; NAV is priced via Chainlink feeds. There is no leverage and no rehypothecation.View code on GitHubFrequently Asked Questions
What is Hood Index?
hMAG7 is a fully-backed on-chain index of the seven MAG7 tokenized stocks on Robinhood Chain (AAPL, MSFT, GOOGL, AMZN, NVDA, META, TSLA). Shares mint and redeem in-kind against the IndexVault; NAV is priced via Chainlink feeds. No leverage, no rehypothecation.
What is Hood Index's TVL?
Hood Index currently has $82.89 in total value locked.
What chains does Hood Index operate on?
Hood Index operates on Robinhood Chain. Robinhood Chain holds the largest share at 100%.
How does Hood Index's TVL compare to similar protocols?
Among Indexes protocols tracked by DefiLlama, Hood Index ranks #52 by TVL. The category holds $255.8m across 69 protocols, and Hood Index accounts for <0.1% of that total. Other leading protocols include Enzyme Finance, SoSoValue, and Reserve Protocol.