Set Social Trading is Now Live on TokenSets

Introducing the first Social Trading platform on Ethereum

Anthony Sassano
Jan 21 · 6 min read

Today, we’re extremely excited to announce the official launch of the Set Social Trading Platform on TokenSets!

Set Social Trading is a marketplace and network that enables traders to create and manage their own Sets, giving the public instant exposure to their trading strategies. Users can follow along with these strategies by simply minting a Set on TokenSets which copies every single action the trader enacts.

Join our new Discord channel here to talk to our traders and get involved in the Set community!

Key Points

  • Easily follow a traders strategy by minting one of their Sets
  • We’ll be on-boarding more traders over the coming weeks and months
  • Those interested in becoming a trader can fill out this form

Meet the Premiere Traders

Major Features of Set Social Trading

Follow Experienced Traders

Unique Trading Strategies

Flexible Fees

In a future update, we’ll enable the ability for traders to enable profit-based fees or exit fees on their Sets.

Familiar Interface

Users can Buy or Sell a Social Trading Set using ETH, USDC, DAI, or SAI. If a particular Set is positioned in WETH and a user opts to buy using USDC, then that USDC is automatically traded via Kyber Network’s on-chain liquidity reserves for ETH (which is then wrapped into WETH) or traded with market makers using 0x orders — exactly as it happens when you purchase a Robo Set.

Leaderboard

The Social Trading Sets Leaderboard

Traders at a Glance

The Trader view of the Explore page

Unique Profile Pages

Public Rebalancing

The rebalance process is the same as any other Set — it kicks off a dutch auction where third party liquidity providers use the Rebalancing Dashboard to participate in the rebalance. During the rebalancing of a Set, all buys and sells are disabled for that Set.

You can learn more about how Set Protocol rebalances work here.

A live rebalance for one of the Social Trading Sets

The rebalancing interface provides detailed information about each rebalance including its current progress, time to fair value, remaining shares, the live bids that have been placed, and allows users to place their own bids.

What Our Traders Are Saying

“Markets are inherently social phenomenons, especially the crypto markets. Social Trading from the Set team will operate as the public square for skin-in-the-game analysis of these new social networks that we all follow so closely.”
David Hoffman, COO at RealT

“TokenSets is a buffet of trading styles. If you want to avoid volatility and catch the macro-bull trends, there are Sets for that. If you want exposure to micro movement and higher volatility, there are Sets for that as well. Step on up to the buffet”
Aaron Kruger, Full Stack Software Developer

Frequently Asked Questions

Will you be supporting other assets? We plan to add support for more assets and tokens over the coming weeks and months. For now, we support WBTC, ETH, USDC and DAI on the Set Social Trading platform.

How can I trust the Set Social Trading smart contracts? We take the security of our smart contracts extremely seriously. In line with this, the new smart contracts that we have deployed to support Set Social Trading have been audited by Peckshield and ABDK Consulting. You can view the Peckshield audit here.

Conclusion

We believe that Set Social Trading will supercharge the current offerings on TokenSets because it allows anyone to become a trader, create their own Sets, and share their strategies with the world.

Over the coming months, TokenSets will onboard a second cohort of traders & strategies. If you’re interested in being part of this second cohort, please fill out this form.

Learn more about Set and join our community

Set Labs

Grow your crypto using automated asset management strategies

Anthony Sassano

Written by

Marketing at https://www.setprotocol.com/ | Co-founder of https://ethhub.io and Co-host of the Into the Ether podcast

Set Labs

Set Labs

Grow your crypto using automated asset management strategies

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade