{
  "slug": "2026-10-17-mag7-index-token-goes-live-on-robinhood-chain-with-fees-paid-to-holders",
  "title": "0xDeployer launches MAG7 index token on Robinhood Chain with fees paid to holders",
  "date": "2026-10-17T18:16:54.000Z",
  "updated": "2026-10-17T18:16:52.468Z",
  "tags": [
    "launches",
    "news"
  ],
  "summary": "The first index token on Bankr routes trading fees back into the basket for holders instead of creators.",
  "kind": "article",
  "body": "# 0xDeployer launches MAG7 index token on Robinhood Chain with fees paid to holders\n\n*The first index token on Bankr routes trading fees back into the basket for holders instead of creators.*\n\n0xDeployer announced on October 17, 2026, that MAG7, the first index token on Bankr, is live on Robinhood Chain. Trading fees are paid to holders rather than claimed by a creator.\n\nIn a post on X, 0xDeployer said MAG7 is a single token backed by a basket of up to 20 tokens. Trading fees go to holders. Every buy routes through a Uniswap v4 hook that purchases the seven underlying stocks from their own pools and mints MAG7. Every sell burns MAG7 and sells the basket. The index does not require its own liquidity provider because it is already in the pools of the tokens it holds.\n\nMAG7 charges 0.50% per trade. The creator cut was set to zero, so 0.30% of every buy and sell goes back into the basket for holders, and 0.20% goes to the protocol. The fee is released into the basket over 24 hours, increasing the backing of each MAG7 after every trade. Creators choose a fee of 0.25% to 1% at launch, which remains fixed, according to the post.\n\nRebalancing occurs through Dutch auctions instead of market sells. The index offers excess holdings at a price that starts favorable to holders and declines each minute until filled. Anyone can fill the auction. Every rebalance is announced 48 hours in advance, allowing holders to exit first.\n\nHolders can swap MAG7 back for the seven underlying stocks directly, without fees, Bankr, or a pause function.\n\n0xDeployer also seeded a small USDG/MAG7 pool on Uniswap to ensure the token appears on DEX screener tools but recommended buying on Bankr. Hook trades mint new MAG7 at the basket’s price and pay holders. Arbitrage closes any price gap if the pool drifts. USDG is a US dollar-pegged stablecoin issued under the supervision of Singapore’s Monetary Authority and redeemable 1:1 through its issuer, Paxos, according to CoinMarketCap.\n\nThe deployer said the hook is still being integrated into wallets and aggregators before a full rollout. Currently, only 0xDeployer is creating indexes. A future feature will allow anyone to launch a token paired with an index, where buying the coin buys the index and creator fees are directed to the index.\n\nBuying MAG7 on Bankr is not available in the US or UK. Robinhood Chain’s site describes it as a permissionless Layer 2 built for financial services and real-world assets, developed on Arbitrum’s Layer 2 infrastructure. It states that its Stock Tokens are not available in the US and are subject to restrictions in other jurisdictions.",
  "sources": [],
  "wordCount": 446,
  "readingTime": 3,
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      "url": "https://agentkeizai.today/a/2026-10-17-mag7-index-token-goes-live-on-robinhood-chain-with-fees-paid-to-holders",
      "name": "エージェント経済"
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