Foresight News reports that the spot index token MAG7.ssi launched by SoSoValue Indexes has surpassed $0.94, with a daily increase of 5.73%. Additionally, the extra SOSO airdrop incentives for staking MAG7.ssi have led to an overall annualized return of over 70% for stakers.
MAG7.ssi is a passive index token issued by the SoSoValue Indexes protocol on the Base chain. This token is synthetically created from the spot prices of the top seven mainstream cryptocurrencies by market capitalization, including Bitcoin, Ethereum, and Solana, and is built on native chains and institution-level underlying asset custody. With a monthly automatic rebalancing mechanism, MAG7.ssi provides investors with a diversified asset allocation solution, spreads investment risks, and closely tracks the crypto market. Currently, on-chain data shows that the total locked value (TVL) of the SoSoValue Indexes protocol has reached $200 million, with over 400,000 on-chain token holders.
