How it works

hMAG7, explained
in 3 minutes.

No jargon. Live numbers from the blockchain. By the end of this page you'll understand exactly what you own, what it costs, and why nobody can take it from you.

1 · What it is 2 · What's inside 3 · Getting in & out 4 · The price 5 · Fees & the burn 6 · "Can they rug me?"
1

It's seven stocks in one token.

Robinhood puts real stocks on its blockchain as tokens — Apple, NVIDIA, Tesla and the rest of the "Magnificent Seven". hMAG7 simply wraps a fixed amount of all seven into one single token. Own 1 hMAG7 and you own a slice of all seven companies at once. That's the whole idea.

AAPLApple
MSFTMicrosoft
GOOGLAlphabet
AMZNAmazon
NVDANVIDIA
METAMeta
TSLATesla
= 1/7each
→
1 hMAG7
one token · seven giants

It works like an ETF — the product your bank sells you, except here the "fund" is a small program on the blockchain (a vault) that anyone can inspect, and the tokens it holds are visible to everyone, every second of the day.

2

See exactly what's inside — right now.

This is not a diagram. The prices below are being read live from Chainlink oracles on Robinhood Chain by your browser. Change the number of shares and see precisely which stocks you'd own.

Inside 1 hMAG7 share
LIVE ON-CHAIN DATA
Reading Chainlink oracles…
Total value of what you'd own—
Equal weight: each company is 1/7 (≈14.29%) of a share at launch. The exact token amounts are locked into the vault forever — what changes daily is only their price.
3

Getting in and out — no middleman, ever.

There are two doors, both open 24/7, both operated by code instead of a company. This is the single most important thing to understand about hMAG7.

Minting YOU → VAULT

Creating new hMAG7 out of the seven stocks.

1
Get the seven stock tokensBuy them in Robinhood Wallet or on a Robinhood Chain exchange — the app shows the exact amounts you need.
2
Deposit them into the vaultOne transaction. The vault locks your tokens and can't spend them — only hold them for you.
3
Receive hMAG7Freshly minted, fully backed by what you just deposited. Fee: 0.30%.

Redeeming VAULT → YOU

Turning hMAG7 back into the seven stocks.

1
Send your hMAG7 backAny amount, any time — there is no lock-up, no notice period, no permission needed.
2
The vault burns itYour shares are destroyed, so the books always balance perfectly.
3
Receive the stocksYour exact slice of all seven, straight from the vault. Fee: 0.30%. No exchange or market liquidity involved — your exit can never be blocked.
4

Where the price comes from.

No one "sets" the price of hMAG7. It's simple math: the value of one share is the value of the stocks inside it. Those stock prices come from Chainlink — the same oracle network securing tens of billions across DeFi — and they even include dividends and stock splits automatically.

( sum of all seven slices ) = … per share

If hMAG7 ever trades cheaper than that number on an exchange, anyone can buy it and redeem it for more than they paid — and vice versa. That arbitrage keeps the market price glued to the real value, automatically.

5

Fees don't go to a team wallet.
They burn $M7.

hMAG7 charges normal ETF-style fees: 0.30% in, 0.30% out, 1% per year. But instead of paying a company, every fee enters a one-way pipeline that ends at the burn address. Watch it flow:

🧾
Fees collectedin hMAG7 shares, automatically
🏦
Converted to stocksshares redeemed by the converter
🔁
Sold for ETHat a Chainlink-checked fair price
🔥
$M7 bought & burnedsent to 0xdead — gone forever

The pipeline is enforced by the contract itself: it has no withdrawal function. Not the team, not a hacker with the admin key — nobody can point it anywhere except the burn address and the ownerless staking pool, where $M7 stakers earn a fixed share of fees in WETH. More index usage → more fees → more $M7 burned and more cash flow to stakers.

6

"Okay, but can they rug me?"

Fair question — it's crypto. Tap every scenario you're worried about:

Can the team take the stocks out of the vault?
NO
There is no function in the contract that lets anyone withdraw the collateral — not the owner, not the deployer. The only way tokens leave the vault is a holder redeeming their own shares.
Can they change what's in the basket?
NO
The seven stocks and their amounts are hard-coded at deployment. There is no function to add, remove, or re-weight assets. What you buy is what you hold, forever.
Can they crank the fees up to 99%?
NO
Fee ceilings are compile-time constants: mint/redeem can never exceed 1%, the yearly fee can never exceed 2%. The code physically rejects anything higher.
Can they freeze redemptions in a crash?
NO
There is no pause button. Redemption is a plain function anyone can call at any time — in a crash, at 3 AM, on a holiday. Your exit does not require anyone's cooperation.
Can they secretly upgrade the contract?
NO
The contract is not upgradeable — no proxy, no admin migration. The code you can read on the block explorer today is the code that runs forever.
What if the $M7 token goes to zero?
NOTHING HAPPENS TO YOU
The vault holds stocks, not $M7. The index keeps working exactly the same. The token and the index are deliberately firewalled from each other.
Vault — the smart contract that holds the seven stock tokens and issues hMAG7. Think: a glass safe everyone can look into.
Mint / Redeem — creating hMAG7 by depositing stocks / destroying hMAG7 to get the stocks back.
Oracle — Chainlink's price network, which tells the blockchain what each stock is worth.
Burn — sending tokens to an address nobody controls (0xdead), removing them from supply forever.
NAV — "net asset value": what one share is really worth, based on what's inside it.

That's it. Seven giants, one token,
zero trust required.

Still have a question? The FAQ goes deeper.

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