Discovering Sets

Learn how to discovery Sets via TokenSets.com

Investing In Sets

Anyone can be a Manager using the Set Protocol to offer structured products or copy trading to Investors. As an Investor there are a number of things you should consider before deciding to allocate your capital, keep reading about how to understand the information presented to make informed decisions.

First of all, where can you find Sets to invest in? Well, being trustless, decentralised protocol, Sets live on the Ethereum blockchain visible and interactable to all, though there is no doubt that a user interface is the preferred approach when interacting with Ethereum via Web3. TokenSets is the first and most popular UI interface built on top of the Set Protocol to fill this niche.

TokenSets.com

Anyone can create bespoke interfaces to interact with Set, one of the key advantages of the protocol is that there is no downtime to the underlying contracts due to being built on Ethereum and so there no requirement to trust any centralised identity.

Explore Page

Outside of direct sharing, the explore page on TokenSets is one way to discover the great Sets built ontop of the protocol today. The search bar can be used to find any Set created by address, name or symbol in addition to other various discovery tables to help you find the product and strategy that fits you investing profile.

TokenSets Explore Page

For example, in the case of the DeFi Pulse Index:

Address: 0x1494CA1F11D487c2bBe4543E90080AeBa4BA3C2b

Name: DeFi Pulse Index

Symbol: DPI

Set Details Page

When you click into a Set via the search field or Explore page you will be presented with the Set details page. It is here when you will find various important pieces of information. For this example we will be running through the DeFi Pulse Index details page, but the same checks can be applied to any Set that interests you.

Set Details Header

The header consists of:

  • Set Creator - click into this to be taken to the Set creators wallet via Etherscan.

  • Market Cap - derived from the total assets under management within the underlying Set contract deployed on Ethereum

  • Streaming Fee - the method a set is monitised by the Manager that is payable by you the Investor over time.

Streaming Fees

The streaming fees are fees that are paid out to Set managers over time based on the entire market cap of the Set (e.g. 2% of market cap over 1 year). This incentivizes managers to increase the value of their Sets over time for their users.

The streaming fee is calculated linearly over the lifespan of the Set. For example, if a Set has a 2% streaming fee and 6 months has passed, 1% of streaming fees would have been collected.

  • Performance via Zerion - everyone wants to track the performance of the assets they invest in and currently Zerion tracks the performance of all created Sets on the protocol out of the box for the entire duration. It's worth noting that if the Set has enough liquidity on a DEX or is listed on a CEX it would also by default be chartable on the likes of TradingView and other 3rd party charting services.

  • Current Balance - the total dollar value of the total amount of that particular Set token you own. This is based on the Wallet you are connected with to TokenSets.

Allocation Table

Set Details Allocation Table

The Allocation Table is where you will see all the key information regarding what assets are backing each Set token! It's important to remember that Sets are 100% collateralised baskets of Tokens. This means that the value of a Set is directly related to the underlying assets and will never be any discrepancy on the matter. In the above example, the DeFi Pulse Index is a sector based structured product with a central aim to capture the performance of DeFi based projects using a detailed methodology.

About

Set Details About

The About section is where Set Managers can brief Investors on any background, methodology and other details that should be reviewed before considering where to allocate capital.

Key Information

Set Details Key Information

The Key Information section is an important summary of external links and metrics for the benefit of the viewer. Notable inclusions that differ from the Header is the 'View on Etherscan' link where you can verify the on chain data of the Set, the 'Manager Address' allowing you to verify the wallet that has permission to trade the capital within the portfolio and finally the 'Unactualized Streaming Fee', which is the acrued Set fees not yet claimed by the Manager.

Profile

Set Details Profile

The final section to inspect is the Manager Profile. Here there will be relevant external links to learn more about the entity behind the chosen Set including websites, twitter handles and more where applicable.