Ask about Set Protocol
Logo of Set ProtocolSet Protocol
Total Value Locked$10.26m

TVL by Chain

Ethereum$10.26m

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).

Category:Indexes

Audits:

GitHubTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Hacks

Date: Jul 30, 2026

Amount: $9,600

Classification: Protocol Logic

Technique: Malicious SetToken & Manager Contract

Chains: Ethereum

Language: Solidity

Target Type: DeFi Protocol

Competitors

Enzyme Finance ($84.49m)SoSoValue Indexes ($80.22m)Reserve Protocol ($36.29m)Chamber Vaults ($20.39m)Index Coop ($10.37m)Asymmetry Finance ($1.53m)PieDAO ($659,178.45)Bundles ($430,723.84)Alongside ($391,526.9)Amun ($379,345.24)

Frequently Asked Questions

What is Set Protocol?

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).

What is Set Protocol's TVL?

Set Protocol currently has $10.26m in total value locked. TVL has increased 15.1% 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 $254.16m across 69 protocols, and Set Protocol accounts for 4% of that total. Other leading protocols include Enzyme Finance, SoSoValue, and Reserve Protocol.

Has Set Protocol ever been exploited?

Set Protocol has 1 recorded security incident. The most recent incident occurred on Jul 30, 2026 and involved $9,600. It was classified as Protocol Logic.