TokenSets is Live: Automate your Crypto Portfolio Now
Get started on TokenSets
We are thrilled to announce that Strategy Enabled Tokens are now live on TokenSets, the first platform that enables traders and crypto enthusiasts to automate asset management strategies by simply acquiring a token.
Put your idle crypto assets on exchanges or wallets to work on TokenSets while you sleep — Set it and forget it #SeFi with #DeFi.
As previously announced, TokenSets initially supports 6 Sets optimized based on how bullish or bearish you are of the crypto market. Hold the ones that most align with your sentiment:
- ETH Range Bound Low Volatility — If you believe the price of Ether will swing within a tighter range in the medium to long term, this Set will automatically buy on 30% dips and sell on 35% rebounds.
- BTC Range Bound Low Volatility — If you believe the price of Bitcoin will swing within a tighter range in the medium to long term, this Set will automatically buy on 20% dips and sell on 25% rebounds.
- ETH Range Bound High Volatility — If you believe the price of Ether will swing within a wider range in the medium to long term, this Set will automatically buy on 50% dips and sell on 40% rebounds.
- BTC Range Bound High Volatility — If you believe the price of Bitcoin will swing within a wider range in the medium to long term, this Set will automatically buy on 40% dips and sell on 30% rebounds.
- ETH Enthusiast — If you are bullish towards Ether, but wish to diversify a portion into Bitcoin, this Set will automatically rebalance monthly to maintain a fixed ratio of 75% ETH and 25% BTC.
- BTC Enthusiast — If you are bullish towards Bitcoin, but wish to diversify a portion into Ether, this Set will automatically rebalance monthly to maintain a fixed ratio of 75% BTC and 25% ETH.
Advancing DeFi asset management
With the launch of TokenSets and Set Protocol today, we are another step closer to our mission to make wealth creation tools accessible to anyone. We are excited to be adding decentralized asset management to the mix of lending, decentralized exchanges, derivatives and stablecoins products available in the DeFi ecosystem.
For the first time, anyone in the world can subscribe to automated portfolio strategies without the need to sign up for a bank, exchange or brokerage account. There are no management fees, no minimums, and no counter-party risk when acquiring a Set token on TokenSets.
We don’t have custody of your funds — you are always in control.
As we continue to evolve, we plan to roll out more Sets with complex portfolio strategies to truly level the playing field in this new open financial system.
A better crypto user experience
Getting started with crypto native applications is a pain. You need to install browser extensions, write down seed phrases, select gas prices, wait for Ethereum to mine your transaction, and finally verify on Etherscan.
We’ve built TokenSets to alleviate these pains for both new and existing crypto users.
In addition to MetaMask, we support a novel phone login system via Fortmatic, an easy to use and highly secure wallet that utilizes SMS and PIN. Simply input your phone number, create a PIN, and transfer ETH from your favorite exchange (e.g. Coinbase, Bitfinex, Binance) to start purchasing Sets in just a few clicks.
What our supporters are saying!
“We’re seeing an explosion of activity in DeFi particularly in stablecoins, lending, decentralized exchanges, and derivatives. Unleashing Set to the world adds asset management for the first time to the mix of financial products available to Ethereum ecosystem.” — Paul Veradittakit, Partner at Pantera Capital
“Set enables an easy way for users to manage their assets efficiently and effectively, while providing trustless security to end user funds. The native integration with Kyber also shows the power of decentralized on-chain protocols to be able to work together and enable a connected decentralized financial stack.” — Loi Luu, CEO and Co-Founder of Kyber Network
“The team behind TokenSets has taken a tremendously complex set of smart contract machinery and packaged it in a beautiful, intuitive product. Products like TokenSets push forward the state-of-the-art for our nascent space.” — Nadav Hollander, CEO and Founder of Dharma
“The Set team has been pioneering trustless asset management. TokenSets is setting the stage for some incredible new uses cases in open finance.” — Robert Leshner, CEO and Founder of Compound
Frequently Asked Questions
Are there fees? There are no management fees for using TokenSets. However, there may be some slippage during each rebalance and purchase of Sets using Kyber Network’s decentralized exchange.
What are the tax implications of owning Sets? Taxes vary greatly by jurisdiction. For any financial, tax, or legal advice we recommend consulting your own professional. While we cannot provide tax guidance, you should be aware that you may recognize short or long term capital gains or losses when disposing of Sets you purchased.
How can I trust the Set Protocol smart contracts? We take the security of our smart contracts extremely seriously. We’ve conducted rigorous internal testing and contracted top security firms for code audits. However, TokenSets and Set Protocol are both still experimental software. Please do your own research and due diligence when transacting with the system. For more information view the Set Whitepaper.
For more answers, visit our TokenSets FAQ. If you have any additional questions about TokenSets or acquiring Sets, ping us via the Intercom messenger on TokenSets.
Get in touch
Launch is just the beginning. We will be quickly following up with more customizability with the thresholds in the Range Bound Sets, and support stablecoin purchases.
We plan on releasing more strategies, more assets, and more tools for anyone wanting to create personalized strategies in the coming future. Let us know which Sets you’re interested in.
If you are interested in learning more about Set, integrating with us or developing your own strategy, make sure to join us in our Telegram channel, tag us on Twitter, or email us at firstname.lastname@example.org.
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