yMAG7

Same seven names — held inside Perch vaults so each leg accrues Morpho yield.

IndexToken is an ERC-20 backed by a fixed basket. Mint by depositing the constituents pro-rata, redeem by burning shares to get them back. A permissioned rebalancer can swap between constituents via a whitelisted router with slippage bounds.

Because the constituents are Perch vault shares, every leg compounds Morpho yield on its own — you get diversified exposure and yield in one token.