Buy one coin. Own the whole chain.
Everything about hoodindex: HOOD10, the index token backed 1:1 by the top 10 Robinhood Chain memecoins — how constituents qualify, how weights are capped and how monthly rebalances work.
Why the index exists
Picking one memecoin is a coin flip. Most go to zero, a few carry the whole chain, and nobody knows which in advance. Robinhood Chain launches faster than anyone can track, so the honest way to be exposed to it is to own the market, not a single ticker.
HOOD10 does that in one token. It holds the top 10 eligible memecoins 1:1 in a vault, weighted by market cap with a 10% cap per name and rebalanced monthly by rules anyone can verify.
How the index is built
Universe: every Robinhood Chain project we track is pulled live from DexScreener with price, market cap, liquidity and volume.
Screen: liquidity, volume and age filters remove dead and untradeable names.
Rank: the top 10 survivors by market cap become the index.
Weight: square-root market-cap weighting, then a 10% cap with overflow redistributed.
Rebalance: the new basket is published, then executed on schedule — anyone can reproduce the numbers.
What it costs
FAQ
What is hoodindex?
hoodindex is the index layer for Robinhood Chain. Our flagship product HOOD10 is one token backed 1:1 by the top 10 memecoins on the chain — market-cap weighted with a 10% cap per name and rebalanced monthly by published rules. Instead of picking one meme and hoping, you own the whole chain.
How are constituents chosen?
We track 111 Robinhood Chain projects. A token qualifies when it clears $50,000 liquidity, $25,000 of 24h volume and 30 days of age. The top 10 eligible names by market cap make the index.
How is it weighted?
Square-root of market cap, normalised, with a hard 10% cap on any single constituent. Overflow above the cap is redistributed across the rest, so one giant can't become the whole basket.
How often does it rebalance?
Monthly — 1st of each month, 00:00 UTC. Proposed changes are published 5 days ahead so anyone can check the math before it executes.
What does it cost?
0.3% to mint, 0.3% to redeem, and a 1% annual streaming fee that accrues in index tokens. Fees fund the treasury and $MLUE buyback & burn.
Is it really backed 1:1?
Yes. Every index token is backed by the underlying constituents held in the vault. Mint deposits the basket, redeem returns it. There is no leverage and no synthetic exposure.
Get in early
Join the waitlist for early access to HOOD10 minting and rebalance alerts.