TokenSets — a digital asset (ERC-20) that is a fully collateralized portfolio of other assets, including Bitcoin (WBTC), Ethereum (WETH) and Fiat Coins (DAI). Automatically rebalances to make it easier to execute any portfolio strategy (such as range-bound trading) while holding one asset. Using Sets removes the need to manage multiple assets and rebalance your portfolio manually.
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Description of the TokenSets
TokenSets — the first application, built on the Set protocol that allows users to buy and sell tokenized portfolio management strategies easily. The Set Protocol is a protocol that allows users to create, issue, redeem and manage portfolios of ERC-20 tokens completely trustless.
Since Set are ERC-20 tokens, you can move them to any other wallet that supports ERC-20 tokens, for example if you want to store them in an Ethereum address. All transactions that move your funds must be verified by your account and verifiable on the Ethereum blockchain.
Trading starts in just 3 easy steps:
| Secondly | Login with your phone number or MetaMask to connect to TokenSets. The project also supports Coinbase Wallet, TrustWallet and imToken. |
| Secondly | Select a set and amount to buy. |
| Thirdly | Confirm and track Set on the account page. |
The underlying collateral tokens are stored inside the Set protocol repository contract. The Set command does not have access to your funds when they are inside the repository contract. Only you have access to your funds in the established protocol. If you lose access to the wallet, where your sets are stored, the Set command has no way to get you back your funds. When you make a deal on TokenSets, you send a transaction to the Ethereum blockchain, which will only be recorded if the Ethereum miner includes your transaction in the next block. In order for your transaction to be successful, it is recommended that you include a sufficiently large amount of gas.
Additional information
The site has a separate document that describes all features of the project. Also, answers to questions are available. Subscribe to the blog to stay up to date with all news.
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Smart contract audit is not available.