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Set is a protocol that facilitates the creation, issuance, redemption, and rebalancingof fungible, collateralized baskets of tokenized assets (“Set tokens” or “Sets”). The protocol allows utilization of liquidity from decentralized exchanges for Set issuance and redemption. Users who desire to track an index or have their portfolios automatically updated based on a trading strategy can subscribe to a Rebalancing Set. The protocol is open, non-rent seeking, and aims to utilize decentralized governance.
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