MAG7 is a Bankr index on Robinhood Chain: one token backed 1:1 by Robinhood stock tokens for NVDA, META, AAPL, AMZN, GOOGL, TSLA and MSFT. Buying on Bankr mints new MAG7 through a Uniswap v4 hook that buys all 7 stocks in one transaction. Selling burns MAG7 and sells the basket. 0.30% of every hook trade goes back into the basket for holders. Holders can redeem for the 7 stocks at any time. The USDG/MAG7 pool here is small, so buy on Bankr for the basket’s price. Buying on Bankr isn’t available in the US or UK.