CoinVoice has recently learned that, according to the latest market data, under the sideways movement of Bitcoin, the spot index token MAG7.ssi launched by SoSoValue Indexes has broken through 0.94 USD, with a single-day increase of 5.73%. Additionally, with the extra SOSO airdrop incentives for staking MAG7.ssi, stakers have an overall annualized yield exceeding 70%.
MAG7.ssi is a passive index token issued by the SoSoValue Indexes protocol on the Base chain. This token is synthetically composed of the spot prices of the seven largest mainstream cryptocurrencies by market capitalization, including Bitcoin, Ethereum, and Solana. It is built on native chains and institutional-level underlying asset custody. With a monthly automatic rebalancing mechanism, MAG7.ssi provides investors with a diversified asset allocation plan, effectively dispersing investment risks while closely tracking the crypto market to capture excess returns.
Current on-chain data shows that the total locked value (TVL) of the SoSoValue Indexes protocol has reached 200 million USD, with over 400,000 on-chain holders of the index token. [Original link]
