Set Protocol — a digital asset (ERC-20) that represents a fully collateralized portfolio of other assets, including Bitcoin (WBTC), Ethereum (WETH) and Fixed Peg Coins (DAI). Sets up automatic rebalancing to make it easier to execute any portfolio strategy (for example, limited range trading) while holding one asset. Using kits eliminates the need to manage multiple assets manually.
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Brief description of the blockchain project Set Protocol
Set allows users to group different tokens and synthesize them into a single higher-order token that represents its main parts. The reverse process, buyback allow users to split the Set back into its main parts.
With Set Protocol:
- Anyone can create and exchange complex financial instruments such as market indices, index funds or ETFs.
- Developers of decentralized applications can provide higher level abstractions and help users to save on gas and trade costs.
- Organizations such as governments and businesses can effectively distribute packages of goods and services to a wide range of users.
Follow the best traders at the click of a button or create your own kits and collect your followers.
Other features of the dapp application
The Set Protocol is a DeFi primitive, built in Ethereum, that uses existing Open Finance protocols to pool crypto assets into fully safed baskets, which are represented as ERC20 tokens on the Ethereum blockchain.
The most interesting feature of Set Protocols is that it allows the creation of tokens (or sets) with an included strategy that are algorithmically structured, based on a wide range of criteria, strategies, parameters and asset weights. These kits can be configured to rebalance automatically, based on one or more of the above factors.
Main advantages:
| Proven safety | Powered by verified code. There is no risk as you are in control of your funds. |
| Buy and sell anytime | Buy and sell sets freely on TokenSets. There are no blocking periods after purchasing a set. |
| Guaranteed collateral | Each set acts as a tokenized portfolio, containing the underlying tokens, belonging to that set. |
Set Protocols' proprietary interface, TokenSets, allows users to buy and sell 4 "Range Bound Sets" and 3 "Buy and Hold Sets" management strategies. You can find answers to popular questions on the project website. White Paper and RoadMap are not available at the moment. The audit of a smart contract is not provided. You can share your opinion or ask a question through the technical support, located in the lower right corner of the Set Protocol website. From social networks, the community has twitter, discord and blog on the Medium platform.
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