Logo of Set ProtocolSet Protocol
Total Value Locked$11.18m

TVL by Chain

Ethereum$11.18m

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: Reentrancy

Technique: Reentrancy

Chains: Ethereum

Language: Solidity

Target Type: DeFi Protocol

Competitors

Enzyme Finance ($93.55m)SoSoValue Indexes ($92.95m)Reserve Protocol ($36.68m)Chamber Vaults ($22.27m)Index Coop ($12.32m)Asymmetry Finance ($1.85m)PieDAO ($872,756.65)Bundles ($512,244.64)Alongside ($451,366.56)Cryptex V1 ($408,385.64)

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 $11.18m in total value locked. TVL has increased 8.6% 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 $279.35m across 72 protocols, and Set Protocol accounts for 4% of that total. Other leading protocols include Enzyme Finance, SoSoValue Indexes, Reserve Protocol, Chamber Vaults, Index Coop, Asymmetry Finance, PieDAO, Bundles, Alongside, and Cryptex V1.

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 Reentrancy.