Set Protocol (SET)

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The Set Protocol lets users “create, issue, redeem, and manage portfolios of ERC-20 tokens in a completely trustless way.” Essentially a smart contract, the protocol was created by Set Labs. 

The most notable application built on the top of the Set Protocol is TokenSets, a digital asset management platform that lets users easily manage and profit from their digital asset investments. 

The platform’s native token SET is an ERC-20 token that represents a portfolio of assets, which could be anything from ERC-20 assets to Bitcoin and stablecoins. “Rebalancing” is an important concept in the SET ecosystem, a term which the team uses to describe the idea of realigning the weighting of a portfolio of assets according to the price changes of the tokens under the portfolio. The automatic rebalancing means users have a much easier time managing their assets, not having to do much other than simply hold the set to receive the benefits of investment.

The Set Protocol has seen two major achievements in 2019: the launch of Ethereum trading strategy bots and the launch of a bug bounty program. The Ethereum trading strategy bots have have technical indicators like trend lines analyses written into the smart contracts, which means it removes the need for humans to examine and understand trading patterns.

How to Gain Exposure to the Best DeFi Projects With One Token

28 Oct 2020 4 minute read 1 comment D3F1

Tired of keeping up to date with the latest DeFi trends or you are not sure where to put your money in?  You are not alone.  Today I would like to introduce you to the DeFi Pulse Index that does the job of managing the top DeFi portfolio for you.  T...

Index Made of Top 10 DeFi Projects Goes Live

15 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Crypto startup Set Labs, which is behind the DeFi-focused Set Protocol, has launched a new index to track DeFi assets in collaboration with data platform DeFiPulse. Anthony Sassano announced the launch of the index in a blog post on September 15. Th...

Set Protocol Unveils New Features of V2 Upgrade

6 Aug 2020 1 minute read 0 comments Abhimanyu Krishnan

On August 5, DeFi asset management protocol Set Protocol (SET) unveiled the details of its V2 upgrade, which includes yield farming, multi-asset support and user experience features. More assets will be supported, including DeFi tokens, additional s...

What is TokenSets?

28 Jul 2020 11 minute read 3 comments D3F1

TokenSets has been around for a while, however, just recently started to make headlines alongside the ongoing DeFi boom and is gaining serious traction. It was the first application built on the Set protocol by Set Labs Inc. TokenSets is also the fi...

Setting user name and email in git globally

9 May 2019 1 minute read 0 comments mlibre