MAG7.ssi (MAG7.SSI)

Rank #349

MAG7.ssi (MAG7.SSI) is a token created to offer simplified access to passive cryptocurrency investments, using an index solution based on smart contracts in the DeFi universe. The proposal is to bring together, in a single asset, a selected basket of the main cryptocurrencies on the market, making diversification easier in a transparent and secure way.

How MAG7.ssi works

MAG7.ssi uses the SoSoValue Index protocol, which transforms portfolios with multiple assets into wrapped tokens called SSI. Each MAG7.ssi represents an index composed of seven prominent projects in the cryptoasset market, all selected based on capitalization, liquidity, and social consensus. Thus, the token reflects the value variation of these underlying assets, allowing efficient exposure to sector trends.

Main features of the protocol

The system adopts an initial equal allocation of 10% among the index components, also giving relevance to projects beyond Bitcoin and Ethereum. Rebalancing occurs monthly and incorporates a mechanism that seeks to properly include new market leaders, without generating excessive costs from recurring transactions.

MAG7.ssi and the DeFi ecosystem

Natively integrated into the Base Ecosystem, MAG7.ssi facilitates access to index strategies in the DeFi universe, serving investors interested in diversifying and tracking the performance of the most solid cryptocurrencies. This approach contributes both to the performance analysis of large market segments and to risk management, taking advantage of the features offered by blockchain technology.