Set Community Update #3 — September 2019

Exponential Moving Average Sets launched, Set Proposed as a DeFi Feeds Partner, lots of community builders and much more!

Welcome to the third Set Community Update! In these updates, we’ll give an overview of everything that happened in the Set universe over the last month including new product releases, community and media engagements, growth metrics, partnerships, where we’ve been and more. Let’s dive in!

News and Product Releases

Introducing Exponential Moving Averages

We introduced the second category of Trend Trading Sets on TokenSets last month — Exponential Moving Averages. These Sets, currently the ETH12EMACO and the ETH26EMACO, rebalance based on changes in the 12 and 26 day exponential moving average technical indicators respectively.

Set Proposed as a DeFi Feeds Partner

Maker announced their new oracles and DeFi Partner Feeds initiative last month which proposes that dYdX, 0x, Maker, Gnosis and Set each become a provider of oracles. Before these organizations can provide feeds, they must be voted on and approved by MKR token holders.

Set Now on Nexus Mutual

Set Protocol is now covered by Smart Contract insurer Nexus Mutual. Simply head to https://app.nexusmutual.io/#/SmartContractCover, enter tokensets.nexusmutual.eth into the Address to Cover section, select your cover amount & cover period, and then hit Get Quote.

Operating Set Protocol Manually

We published a blog post last month that acts as a guide on how to interact with the Set Protocol system manually — that is, if the TokenSets website is unavailable, users are still able to mint and sell/redeem their Sets using tools such as Etherscan and MyEtherWallet.

New Scout Dashboard

You can now see a chart of the Distribution of SET Holders by $ value on Scout.

Set in the Media

Set made various appearances in the media over the last month:

Growth

USD locked in the Set Protocol Vault exploded during the month of September thanks to some favorable rebalances for the ETH20SMACO Set. The vault balance grew from ~$1.2 million at the beginning of the month to a peak of ~$3 million on September 20th and then settling down at ~$2.5 million to close the month out.

Set Protocol’s AUV growth for September

Set Protocol’s unique address growth also increased from 931 at the beginning of September to 1,191 by the end of the month.

Set Protocol’s unique address growth

Interesting Tweets

Leveraged Sets? Yes please

Tax free Sets? It might be possible (this isn’t tax advice, of course)

Ross with a great ELI5 on how Set tokens work

Community Builders

Various community members built products on or around Set Protocol last month:

Sanat Kapur built a Set Token Market Cap website

Set was included in the DeFi Strategies app that Nodar built

Timur built a TokenSets Dashboard that tracks the supply, price and market cap of each Set

Baptiste Grève built MyDefi — an app that helps Ethereum users visualize their DeFi activity in one place. The app supports various DeFi protocols including Set

The Unspent platform now allows users to see their profits & losses on their Sets

Jacob Small penned a short piece on an idea he had around ‘Fund’ — an interface that interacts with TokenSets by querying a bunch of technical analysis experts on which Set should be bought for each user

Github user monsieurleberre created a Set Manager that allows users to issue and redeem known Sets

Community Engagements

Felix meeting up with Set fans in Tel Aviv

Our CTO Alex Soong giving a talk about Set

Events

Our CEO Felix Feng attended both the DeFi Summit in London (Sep 10th and 11th) and Ethereal Tel Aviv (Sep 17th). At the DeFi Summit, he gave a talk titled ‘Possibilities Of Open Finance Structured Products’ that went over the grand vision for Set Protocol. You can watch it here.

Felix was also on a panel alongside other DeFi members in Tel Aviv!

Where You’ll Find Us This Month

6 out of the 7 members of our team are in Osaka for Devcon 5. We’d love to chat to all of our community members about Set, DeFi and Ethereum in general. If you’re around, be sure to come and say hi if you see us — we look like this!

We’re Hiring!

We’re currently looking for passionate Software Engineers to aid us in our goal of building open financial products for the world. If this sounds like an opportunity that you’re interested in, you can check out the role on Cryptocurrency Jobs here.

We’re also looking for additional market makers to participate in our Set rebalances. If this sounds like something you or your team are interested in, please send an email to markets@setprotocol.com.

Learn more about Set and join our community

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