An analysis of Set Protocol's growth

Set Protocol, which launched in 2018, has quickly become one of the more popular “DeFi” applications for Ethereum. If you would like a full in-depth synopsis of what that entails, The Block analyst Matteo Leibowitz has broken it down.

Set Protocol is a series of smart contracts that allow users to buy pre-constructed baskets of assets that automatically rebalance. The preferred baskets of assets are represented as a token, commonly referred to as a set. Sets are created by transferring the underlying tokens to Set’s vault and issuing a new Set token representing them.