Ask about Hood Index

Logo of Hood IndexHood Index

Total Value Locked$86.58

TVL by Chain

Robinhood Chain$86.58

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.

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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 GitHub

Competitors

Vimen ($10,895)RobinIndex ($444.96)HoodVault by HoodMarketSoSoValue Indexes ($112.08m)Enzyme Finance ($100.08m)Reserve Protocol ($39.47m)Chamber Vaults ($26.3m)Index Coop ($17.15m)Set Protocol ($15.37m)Asymmetry Finance ($2.36m)

Frequently Asked Questions

What is Hood Index's TVL?

Hood Index currently has $86.58 in total value locked. TVL has increased 3.1% over the past 30 days.

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 #54 by TVL. The category holds $319.31m across 73 protocols, and Hood Index accounts for <0.1% of that total. Other leading protocols include Vimen, RobinIndex, HoodVault by HoodMarket, SoSoValue Indexes, Enzyme Finance, Reserve Protocol, Chamber Vaults, Index Coop, Set Protocol, and Asymmetry Finance.