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Introduction

What Trove is and what the MAG7 box represents.

Trove is a Robinhood Chain protocol for on-chain stock index boxes: ERC-20 box tokens that track baskets of equities. There are two box families. 1:1 backed boxes (MAG7, AI3) hold the underlying tokenized equities on-chain; at mint the intended accounting scale is 1 BOX = 1 USD of underlying, and NAV floats with the live value of the basket. Synthetic boxes (SEMI6, CRYPTOEQ, SPYQQQ) hold ETH collateral and track their basket purely through Chainlink-style oracle prices; they do not hold the underlying stocks.