bankr indexes are a new onchain primitive, and i think they’re foundational. memes paired with stocks showed people want stock exposure onchain. indexes take it a level deeper: the token is the stocks. we've seen index tokens before, so what makes this next level? > no LP. a uniswap v4 hook buys the basket on every buy and mints the index. creators can launch an index without seeding liquidity. > fees go to holders by backing more stock. the holder cut of every trade stays in the basket as stock, so each MAG7 is backed by a little more after every trade. nothing to claim. > decentralized rebalancing. no manager market-selling. the index runs dutch auctions anyone can fill, with 48h notice first. a note if you’re speculating: MAG7 isn’t priced like a memecoin. its price is the value of the stocks it holds, shown live as "backing" on the bankr trade page. buying on bankr mints new MAG7 at that price, so buys don’t pump it. it moves with the 7 stocks. other pools can trade above or below the backing until arbs close the gap, and buying above it means paying more than it’s backed by. it’s early. right now i’m the only one creating indexes. soon anyone can create their own. until then, swap on bankr to go straight through the hook at the basket’s price.