Set Community Update #9 — March 2020

Published in

Set Labs

4 min readApr 11, 2020

Welcome to the ninth 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

Introducing New Assets and Trader Incentive Upgrades to Set Social Trading

In March, we pushed our biggest update to Set Social Trading since we launched the feature back in January. These new features give traders a richer fee structure and new assets (cTokens and LINK) to play with.

Introducing Our New TokenSets Ambassadors

We introduced 3 new TokenSets Ambassadors in March — Cooper Turley, Daniel Zhang, and Jeremy Guzman.

Introducing the LINK/ETH RSI Ratio Trading Set on TokenSets

We launched the second LINK-based Set on TokenSets in March that follows an RSI trading strategy on the LINK/ETH pair.

New Social Trader Carl Farterson Introduced

Carl uses data science to trade crypto and is the creator for the FART Set (not yet live) that trades based on signals from his AllThingsTA Telegram group.

Set: The Ultimate Money Lego

In this blog post, TokenSets ambassador Cooper Turley gives an overview of how Set Protocol can absorb all other DeFi assets/primitives and supercharge them with automated trading strategies.

New Login Flow Announced

We launched a brand new login flow in March that now supports the Status Wallet, AlphaWallet and DappPocket wallet.

New Social Trader Reputake Introduced

Reuptake will be offering his LINK Profit Taker Set which uses his 100 Waves strategy.

DeFi is More Than Lending

In this blog post, TokenSets ambassador Cooper Turley explores the many DeFi protocols on Ethereum that aren’t lending-related.

cToken Trading Pairs Added to TokenSets

This new feature allows users to buy or sell cToken-enabled Sets using any of our supported tokens (ETH, USDC, DAI, WBTC and LINK).

TokenSets Partners with imToken

imToken, a popular mobile wallet app, now has full integration with the TokenSets app.

New Social Trader SW Capital Introduced

SW Capital are offering four Sets — the LINK/ETH Long-Only Alpha Portfolio, BTC Long-Only Alpha Portfolio, ETH Long-Only Alpha Portfolio and ETH/BTC Long-Only Alpha Portfolio.

German Language Support Added to TokenSets

TokenSets now supports the German language natively on the website.

Totle Integrates Set Protocol

You can now buy Sets using Totle’s Swap feature by using ETH or any popular ERC-20 token.

Set in the Media

Set made various appearances in the media over the last month:

Social Trader Adam Haeems featured TokenSets in his piece covering Fund Management on Ethereum
Our CEO Felix Feng joined a virtual panel to talk about DeFi
TokenSets was featured in CoinGecko’s ‘How to DeFi’ eBook
DeFi Rate featured our cToken Trading Pair launch
Our head of marketing Anthony joined The Crypto Lark to discuss Ethereum and TokenSets
DeFi.cx wrote about TokenSets in one of their blog posts
Alex Bash from Zerion gave an overview of DeFi investing strategies at EthCC and included Sets
YouTuber ‘Learn How to Earn Online’ put together a video on Compound and TokenSets
Walkonwaysvs wrote a piece on TokenSets
Set Protocol was featured in Spencer Noon’s Our Network

Growth

Even though holding Sets ended up being a good choice during the Black Thursday crypto dump, the vault still saw a decline from a high of $5.6mil locked to $4.3mil locked by the end of March.

Cumulative unique addresses holding Sets grew from 3.15k to 3.6k during March.

Interesting Tweets

Events and Community Engagements

Our team was sheltered in place during March (due to COVID-19) and we expect this to persist for the next few months which means we won’t be attending any events (besides virtual ones!). We’re all safe and sound working from home and we hope you are too.

We’re Hiring!

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 markets@setprotocol.com.

Learn more about Set and join our community