PANews July 17 news, according to the latest market data, in a sideways state for Bitcoin, the spot index token MAG7.ssi launched by SoSoValue Indexes has broken through $0.94, with a daily increase of 5.73%. Combined with the additional $SOSO airdrop incentives for staking MAG7.ssi, stakers' comprehensive annualized returns exceed 70%.
MAG7.ssi is a passive index token issued by the SoSoValue Indexes protocol on the Base chain. This token is synthesized from the spot prices of the top seven mainstream cryptocurrencies by market capitalization, including Bitcoin, Ethereum, and Solana, and is built based on the native chain and institutional-level underlying asset custody. Coupled with a monthly automatic rebalancing mechanism, MAG7.ssi provides investors with a diversified asset allocation solution, effectively dispersing investment risks and closely tracking the crypto market to capture excess returns.
Currently, on-chain data shows that the total locked value (TVL) of the SoSoValue Indexes protocol has reached a scale of $200 million, with over 400,000 on-chain token holders.
