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TokenSets is a popular DeFi project that offers Sets (ERC20 tokens) which provide exposure to trading strategies, including social trading sets executed by human traders vs robo sets executed by hard coded strategies. TokenSets has partnered with DeFi Pulse to release a new Portfolio Set, which is a basket of the top 10 blue chip DeFi tokens, weighted by circulating supply x token price. This is a great way to gain exposure to the upside of DeFi without all the time and effort of buying, selling, and reallocating tokens in portfolio. With high gas prices, this also saves on lots of expensive transactions to trade the 10 underlying tokens.
DeFi Dad walks us through the following:
1️⃣ What are TokenSets and how do they work
2️⃣ How to buy the DeFi Pulse Index Set
3️⃣ Recap of Risks
Helpful resources referenced in the video:
🛠️ Check out the DeFi Pulse Index on TokenSets: [ Ссылка ]
🛠️ Check out the latest Medium post on the DPI by the Set Protocol team: [ Ссылка ]
🛠️ Find recommended gas prices at: [ Ссылка ]
For more Bankless video tutorials, check out: [ Ссылка ]
Video by: @DeFi_Dad
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For more DeFi Tutorials with DeFi Dad, subscribe to his YouTube channel by going to [ Ссылка ].
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Disclosure, Disclaimer, & Risks: The Set team did not pay DeFi Dad to produce this video. This is not financial advice and you should approach all DeFi applications, wallets, and protocols with caution. Please be aware there is always risk in using DeFi, including technical risks (ie smart contracts hacks), financial risks (ie liquidity crises), potentially admin risk (admin key compromise, governance vulnerabilities) and the risk of a pegged asset like a stablecoin failing. It is also risky to use leverage because you can amplify your losses with larger positions.
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
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