MAG7.ssi

About MAG7.ssi

MAG7.ssi is a wrapped token issued by the SoSoValue Index Protocol, a spot index solution that uses on-chain smart contracts to repackage multi-chain, multi-asset portfolios into Wrapped Tokens (SSI). These tokens represent a basket of underlying assets, allowing them to track the value fluctuations of the spot basket and achieve passive index investing. MAG7.ssi specifically selects the top 7 projects by market cap with strong social consensus and ample liquidity, aiming to provide enhanced systematic beta returns from the crypto industry while offering high risk resistance. The initial 10% equal weighting allocation gives sufficient weight to second-tier leaders outside of Bitcoin and Ethereum, and the monthly rebalance with a buffer setting ensures timely inclusion of emerging leaders while minimizing transaction friction.

• MAG7.ssi is part of the SoSoValue Index Protocol, which uses on-chain smart contracts to create wrapped tokens representing a basket of assets.
• The token's initial allocation gives 10% equal weight to each of the top 7 projects, providing exposure to second-tier leaders beyond Bitcoin and Ethereum.
• The index rebalances monthly with a buffer setting to reduce transaction costs from frequent rebalancing.
• MAG7.ssi is built on the Base ecosystem and is categorized as a DeFi index.