DeFi

Set Protocol: Introducing structured products to Open Finance

Quick Take

  • Set Protocol, and its first user-facing interface, TokenSets, leverages existing Open Finance protocols to provide seamless, global access to censorship-resistant algorithmically adjusted structured products
  • The possibilities for these exotic structured products are quite literally endless, and, with some tinkering, could pave the way for the proliferation of competitive, trustless investment funds  

Open Finance infrastructure continues to proliferate. MakerDAO laid the initial foundations with the launch of Dai, the dollar-pegged decentralized asset. Uniswap, 0x, DutchX and a host of alternative protocols have paved the way for trustless asset exchange. UMA, Rainbow Network, and dYdX have since opened the decentralized design space to derivatives and synthetics.