Logo of Hood IndexHood Index
Total Value Locked$82.5

TVL by Chain

Robinhood Chain$82.5

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 ($9,452.82)HoodVault by HoodMarket ($67.53)SoSoValue Indexes ($99.01m)Enzyme Finance ($89.04m)Reserve Protocol ($36.8m)Chamber Vaults ($23.73m)Index Coop ($13.63m)Set Protocol ($12.38m)Asymmetry Finance ($2.38m)LOCKON ($1.09m)

Frequently Asked Questions

What is Hood Index's TVL?

Hood Index currently has $82.5 in total value locked. TVL has increased 4.4% 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 $284.53m across 73 protocols, and Hood Index accounts for <0.1% of that total. Other leading protocols include Vimen, HoodVault by HoodMarket, SoSoValue Indexes, Enzyme Finance, Reserve Protocol, Chamber Vaults, Index Coop, Set Protocol, Asymmetry Finance, and LOCKON.