Set Community Update #6 — December 2019
cTokens integration now live, TokenSets Weekly Market Report launched, new Sets released and much more!
Welcome to the sixth Set Community Update! In these updates, we’ll give an overview of everything that happened in the Set universe over the last month including new product releases, community and media engagements, growth metrics, partnerships, where we’ve been and more. Let’s dive in!
News and Product Releases
In these weekly reports, we cover the events of the previous week including a report on Set performance and rebalance events, a brief overview of recent crypto market activity, relevant on-chain metrics, a learning section and links to resources, blog posts, podcasts and videos that caught our eye. Sign up here.
We published a piece outlining how we will transition some of our existing Single-Collateral Dai Sets over to Multi-Collateral Dai (and the infrastructure that goes along with it).
The ETH/BTC RSI Ratio Trading Set implements a crossover strategy on the ETH/BTC RSI. At a high level, if the ETH/BTC ratio falls below support, ETHBTCRSI rebalances 100% ETH into BTC expecting BTC will continue outperforming ETH. Conversely, if the ETH/BTC ratio rises above resistance, the Set rebalances into ETH expecting ETH will continue to break out against BTC.
We announced the integration of Compound Tokens (cTokens) and the launch of the first cToken enabled Set — the ETH RSI 60/40 Yield Set — last month on TokenSets.
The ETHMACOAPY Set supercharges our existing ETH20SMACO Set by swapping out USDC for cUSDC — an interest-bearing stablecoin. This means that when ETHMACOAPY is positioned in the stable asset, it’s generating interest via the Compound money market protocol!
You can now mint and sell Sets using both Sai and Dai on TokenSets. Eventually, the Maker Single-Collateral Dai (Sai) system will be completely shutdown and at that time we will disable the ability to mint and sell Sets using Sai.
Set in the Media
Set made various appearances in the media over the last month:
- Set was heavily featured in Spencer Noon’s new Our Network newsletter
- Set was featured in Argent’s 2019 recap video
- David Hoffman’s latest piece features TokenSets
- The Defiant and Week in Ethereum included Anthony’s tweet
- Compound shares the news about our cToken integration
The Set Protocol Vault grew modestly in December due to the out-performance of all of the Sets listed on TokenSets. It increased from ~$1.4mil to ~$1.8mil.
Set Protocol’s unique addresses had a moderate increase from 1419 to 1575.
We celebrated a special occasion last month — all of the Set’s on TokenSets were up against ETH on December 18th!
Various community members built products on or around Set Protocol last month:
- DeFi Prime integrated TokenSets into their portfolio tracker
- Zerion’s Android app includes TokenSets integration
Events and Community Engagements
Anthony spent some time in San Francisco last month as we’ve been in crunch mode working on Set Social Trading (which goes live later this month)!
We also took a break from the work to do some team building exercises — one of those was doing The Roosevelt Escape Room! It was a blast and we managed to finish the room in record time.
We’re currently looking for passionate Software Engineers to aid us in our goal of building open financial products for the world. If this sounds like an opportunity that you’re interested in, you can check out the roles on our new careers page here.
We’re also looking for additional market makers to participate in our Set rebalances. If this sounds like something you or your team are interested in, please send an email to email@example.com.