There are a number of benefits to automated trading strategies with TokenSets:
- Hedging doesn’t require technical expertise. Adequately protecting your investments against volatility risk can often be a daunting task requiring deep technical and fundamental knowledge. Sets do the work for you by automatically rebalancing between tokens and stablecoins at certain market conditions.
- Diversifying your portfolio is easy. TokenSets that consist of multiple underlying assets distribute your investment according to a pre-defined ratio.
- Make smarter investments by following the best. Social Sets allow you to follow other traders’ strategies based on your market sentiment and risk appetite.
Save time and energy. In a nutshell, Sets put your crypto to work without you doing the work!
Before you begin
Before making an investment, check out the TokenSets Explore page, where you can filter Sets by the assets they hold, whether they’re interest-bearing or not, market sentiment (very bullish to very bearish), and daily, weekly and monthly performance. Another useful site is tokenviz.io, which also allows you to filter Social Sets by commission fees.
Zerion supports read-only tracking for all Sets. For this example, we’ll look at the ETH RSI 60/40 Yield Set.
Buying a Set
Step 1: Head over to TokenSets and select the ETH RSI 60/40 Yield Set under “Robo Sets”
Step 2: Click “Buy” and connect your Etherum wallet as prompted
Step 3: Input the amount you would like to buy
Step 4: Confirm the transaction in your wallet
Step 5: Congratulations, you’ve just bought a Set! Now head over to Zerion and connect your wallet to view your investment.