What is TokenSets (Set Protocol)?

Launched by Set Protocol in 2019, TokenSets is an application that allows for the creation and trading of Sets, ERC-20 tokens that can represent a basket or portfolio of varying crypto assets. These Sets can be coded via smart contracts to automatically execute a specific trading strategy or rebalancing algorithm. Using the TokenSets apps, you can find Sets that function as yield farming tokens, leveraged tokens, and tokens that give you exposure to various crypto indexes.