Set Trading

How to trade within your Set as a Manager

Overview

Trade Module

As a Manager, trading between the assets within your Set to execute your strategy is an essential feature. The Trade module within the Managers Overview (Set Management) enables you to do this with a provided interface that will feel familiar to those who have traded on DEX products before, such as Uniswap or Sushi.

The Trade module uses a 0x router to aggregate the best price across multiple DEX's to provide you with the most efficient, highest yield trade path possible.

Swap Window

Caveats

The modules within Sets are evolving as we execute our exciting roadmap to deliver a thriving, open and decentralised asset management protocol in the blockchain ecosystem. With this in mind, there are a couple of caveats to the Trade module you should be aware of whilst managing your Set.

WETH Liquidity

One caveat is that the desired asset you want to trade into using the Sets collateral must have liquidity on a corresponding WETH pair for a trade quote to be generated, for example, if I wanted to trade from WBTC to DPI, there would need to be DPI-WETH liquidity on a DEX to execute it.

Need to check liquidity on a DEX for a particular asset? The 'Markets' section on CoinGecko provides this information

Token Eligibility

Another caveat to be aware of in the current interaction of Set is that any asset that you want to include must not be a Rebasing token or one with a Transfer Fee associated with it. The issue here is that these token properties are not compatible with the contract assumptions of a Set being 100% collateralised at present.

Unsure if the token you want to trade into has Rebasing or Transfer Fee properties? Ask us on Discord and we'll be glad to help

Interface

Order Details

Trade Now - Present the transaction confirmation window via your connected wallet to execute the trade at the quoted rate

From & To - The quoted trade to swap <quantity> token X for <quantity> token Y

Price Impact - The difference between the mid-price and the execution price of a trade.

Gas - The estimated gas cost associated with the swap that the Manager would pay to execute the trade

What is the difference between price impact and slippage?

The price impact is the spread observed between the total value of the entry tokens swapped and the destination tokens obtained. On the other hand, slippage refers to the difference between the expected amount and the received amount - it's due to competing transactions that pushed the price lower after the first transaction was submitted.