Ask about Set Protocol · freeSet Protocol
Total Value Locked$12.74m
TVL by Chain
Ethereum$12.74m
Key Metrics
Total Raised$16m
Dec 17, 2018$2mRound: SeedInvestors: Andrew Lee, Craft Ventures, GMO VenturePartners, Erik Ford, Kindred Ventures, Haystack, Matthew Ocko, Pascal Levy-Garboua, Scott Belsky, Social Capital, Threshold, VY Capital
May 28, 2021$14mRound: Series AInvestors: 1kx, Bossanova Investimentos, Coinbase Ventures, Craft Ventures, DeFiance Capital, Eric Conner, Hashed, Mechanism Capital, ParaFi Capital, The Spartan Group, Threshold
Protocol Information
A protocol for building portfolios as digital assets (ERC-20) that represent a fully collateralized digital asset (ERC-20) that represents a fully collateralized portfolio of other assets including Bitcoin (WBTC), Ethereum (WETH), and fiat-pegged coins (DAI).portfolio of other assets including Bitcoin (WBTC), Ethereum (WETH), and fiat-pegged coins (DAI).
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubHacks
Date: Jul 30, 2026
Amount: $9,600
Classification: Reentrancy
Technique: Reentrancy
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Date: Oct 6, 2026
Amount: $21,873
Classification: Token & Share Accounting
Technique: Rounding Error
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Set Protocol history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Apr 6, 2021 to Oct 20, 2026.
All-time high TVL: $607.74m on Nov 9, 2021. All-time low TVL: $8.73m on Jun 7, 2026.
Daily TVL, Sep 21, 2026 to Oct 20, 2026
| Date | TVL |
|---|---|
| Sep 21, 2026 | $14.09m |
| Sep 22, 2026 | $14.6m |
| Sep 23, 2026 | $14.82m |
| Sep 24, 2026 | $14.24m |
| Sep 25, 2026 | $14.57m |
| Sep 26, 2026 | $14.96m |
| Sep 27, 2026 | $15m |
| Sep 28, 2026 | $15.07m |
| Sep 29, 2026 | $14.6m |
| Sep 30, 2026 | $14.78m |
| Oct 1, 2026 | $14.78m |
| Oct 2, 2026 | $14.99m |
| Oct 3, 2026 | $15.11m |
| Oct 4, 2026 | $15.25m |
| Oct 5, 2026 | $15.44m |
| Oct 6, 2026 | $15.39m |
| Oct 7, 2026 | $14.58m |
| Oct 8, 2026 | $13.9m |
| Oct 9, 2026 | $13.22m |
| Oct 10, 2026 | $13.37m |
| Oct 11, 2026 | $13.53m |
| Oct 12, 2026 | $13.78m |
| Oct 13, 2026 | $12.87m |
| Oct 14, 2026 | $13.29m |
| Oct 15, 2026 | $12.78m |
| Oct 16, 2026 | $12.92m |
| Oct 17, 2026 | $12.78m |
| Oct 18, 2026 | $12.63m |
| Oct 19, 2026 | $12.6m |
| Oct 20, 2026 | $12.59m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $80.25m |
| Dec 31, 2024 | $73.9m |
| Jan 31, 2025 | $67.52m |
| Feb 28, 2025 | $43.43m |
| Mar 31, 2025 | $26.68m |
| Apr 30, 2025 | $23.18m |
| May 31, 2025 | $26.84m |
| Jun 30, 2025 | $26.65m |
| Jul 31, 2025 | $32.59m |
| Aug 31, 2025 | $31.96m |
| Sep 30, 2025 | $28.8m |
| Oct 31, 2025 | $22.57m |
| Nov 30, 2025 | $18.31m |
| Dec 31, 2025 | $16.78m |
| Jan 31, 2026 | $14.82m |
| Feb 28, 2026 | $11.66m |
| Mar 31, 2026 | $11.53m |
| Apr 30, 2026 | $12.14m |
| May 31, 2026 | $10.7m |
| Jun 30, 2026 | $9.16m |
| Jul 31, 2026 | $10.38m |
| Aug 31, 2026 | $12.42m |
| Sep 30, 2026 | $14.78m |
| Oct 20, 2026 (latest) | $12.59m |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $409.15m |
| Dec 31, 2022 | $60.34m |
| Dec 31, 2023 | $91.75m |
| Dec 31, 2024 | $73.9m |
| Dec 31, 2025 | $16.78m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/set-protocol
Frequently asked questions
What is Set Protocol's TVL?
As of Oct 20, 2026, Set Protocol has $12.74m in total value locked. TVL has decreased 8.9% over the past 30 days.
What chains does Set Protocol operate on?
Set Protocol operates on Ethereum. Ethereum holds the largest share at 100%.
How does Set Protocol's TVL compare to similar protocols?
Among Indexes protocols tracked by DefiLlama, Set Protocol ranks #6 by TVL. The category holds $308.74m across 74 protocols, and Set Protocol accounts for 4.1% of that total. Similar protocols include SoSoValue Indexes, Enzyme Finance, Reserve Protocol, Chamber Vaults, Index Coop, Asymmetry Finance, Alongside, Cryptex V1, SHPRD, and PieDAO.
Has Set Protocol ever been exploited?
Set Protocol has 2 recorded security incidents. The most recent incident occurred on Oct 6, 2026 and involved $21,873. It was classified as Token & Share Accounting.