No. 0001Certificate of in-kind backing
cMAG7
Cohort Magnificent 7
Each cMAG7 is backed by 0.1109 NVDAx, 0.0673 AAPLx, 0.0341 MSFTx, 0.0552 GOOGLx, 0.0482 AMZNx, 0.0113 METAx and 0.0155 TSLAx.
- Since genesis
- NAV
- +0.03%
- $99.09
Cohort, a Solana protocol
Baskets of real stocks, held in kind, onchain.
A cohort is a token backed by a fixed basket of tokenized shares, held in a vault. Deposit the shares to mint it; return it to take the shares back. Nothing in between is priced, staked or voted on.
- Cohorts
- 4
- In vaults
- $42.29K
- cMAG7 backing
- +0.03%
The mechanism, in five articles
Every figure on this page is read from the pods below. In this preview the prices are illustrative and the network is devnet.
A basket of real stocks, onchain.
Each pod holds a fixed recipe of tokenized shares (xStocks such as NVDAx and AAPLx) in vaults owned by the program. The recipe is set when the pod is created. Nobody can change it afterwards, including us.
1 cMAG7 =units per cohort, today
- NVDAx0.110902
- +AAPLx0.067362
- +MSFTx0.034102
- +GOOGLx0.055213
- +AMZNx0.048253
- +METAx0.011367
- +TSLAx0.015501
Fixed at creation. Nobody can edit a recipe.
Wrap and unwrap, in kind.
Deposit every component in proportion and the pod mints cohorts. Return cohorts and it pays out the components. There is no swap and no counterparty: the vault either holds the shares or it doesn’t.
If an issuer pauses one stock, you can still unwrap the rest. The paused part becomes a claim ticket you redeem when it moves again.
WrapFee 0.30%
NVDAx−0.1109AAPLx−0.0673MSFTx−0.0341and 4 morecMAG7+1.0000
UnwrapFee 0.30%
cMAG7−1.0000NVDAx+0.1109AAPLx+0.0673MSFTx+0.0341and 4 more
Fees burn, so backing grows.
Wrapping and unwrapping each cost a fixed fee, paid in cohorts. Most of it is burned. That leaves fewer cohorts against the same shares, so each one is backed by a little more stock. That is the whole yield.
Anyone can trigger the burn. It costs a network fee and pays you nothing, except the backing.
View as table
Trades on weekends.
US exchanges run 32½ hours of regular trading a week. A cohort’s pool on a Solana DEX doesn’t close. When the pool drifts from the basket, anyone can wrap or unwrap against it and keep the difference, which pulls it back.
00 ET0409:301620
- Mon
- Tue
- Wed
- Thu
- Fri
- Sat
- Sun
No staking. No oracle.
There is nothing to lock and no price feed to trust or attack. The price comes from arbitrage between the pool and the basket, the same pressure that keeps an ETF near its net asset value.
Staking— not in Cohort.Nothing to lock, nothing to unlock.Price oracle— not in Cohort.Price comes from arbitrage against the basket.Emissions— not in Cohort.No token is printed to pay you.Pausing unwraps— not in Cohort.We can halt new wraps. Never exits.Freeze or seize on the cohort token— not in Cohort.The cohort mint has no such authority.
Listed cohorts
The full tableNo. 0001Certificate of in-kind backing
cCORE
Cohort CORE
Each cCORE is backed by 0.084 SPYx, 0.05 QQQx and 0.0311 GLDx.
- Since genesis
- NAV
- +0.04%
- $100.15
- Pool
- $100.15
- Prem./disc.
- 0.0 bp
- Backing
- $11.06K
No. 0002Certificate of in-kind backing
cMAG7
Cohort Magnificent 7
Each cMAG7 is backed by 0.1109 NVDAx, 0.0673 AAPLx, 0.0341 MSFTx, 0.0552 GOOGLx, 0.0482 AMZNx, 0.0113 METAx and 0.0155 TSLAx.
- Since genesis
- NAV
- +0.03%
- $99.09
- Pool
- $99.22
- Prem./disc.
- +13.0 bp
- Backing
- $11.14K
No. 0003Certificate of in-kind backing
cDUO
Cohort NVDA + TSLA Duo
Each cDUO is backed by 0.3753 NVDAx and 0.0524 TSLAx.
- Since genesis
- NAV
- +0.03%
- $96.99
- Pool
- $97.21
- Prem./disc.
- +22.5 bp
- Backing
- $10.52K
No. 0004Certificate of in-kind backing
cHALT
Cohort HALT (demo)
Each cHALT is backed by 0.1875 AAPLx and 0.0949 MSFTx.
- Since genesis
- NAV
- +0.01%
- $99.52
- Pool
- $99.28
- Prem./disc.
- −23.7 bp
- Backing
- $9.55K
Read before you wrap
A cohort is only as good as the tokens in its vault. Their issuers keep powers over them, and the app lists those powers for every component.
- Seizure
- An issuer with a permanent delegate can move tokens out of the vault without a signature. The loss is recorded and shared by holders of that pod only.
- Freeze
- An issuer can freeze the pod’s account for its token. That component stops moving; the rest of the basket still unwraps.
- Pause
- An issuer can halt every transfer of its token. You unwrap the rest now and hold a claim ticket for the paused part.
- Transfer hook
- A hook is installed on xStocks but does nothing today. If switched on, transfers could need extra accounts or be refused.
The app is open on devnet. Wrap something, unwrap it, and read the receipt.