What is Rumpel?
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Rumpel is a point tokenization protocol. It enables secondary market liquidity and price discovery for offchain loyalty points, unlocking new opportunities for point holders, traders, airdrop hunters, and point issuers.
Loyalty points have emerged as the golden thread in growth strategies across the crypto landscape. They serve as a crucial mechanism to reward early adopters, incentivize specific behaviors, and foster loyal communities. In Web3, points offer significant unique advantages, including day-one incentives, enhanced agility, and optimized token generation event (TGE) timing.
Instead of obfuscating airdrop criteria, to “line up” user participation in specific ways, prime new markets, and predictably expand across the ecosystem.
Oftentimes, Web3 points have a claim to a future airdrop.
But users are upset with the state of Web3 points. Large point earners are feeling farmed because they can’t lock in a profit before an airdrop. Small point earners feel helpless and can’t “catch up” on point stacking; additionally, some users struggle to get exposure to a project's potential. Both issues cause user apathy, making it difficult for projects to incentivize growth.
Rumpel solves these issues by tokenizing points, allowing them to trade on a secondary marketplace.
With Rumpel, users get liquidity and access to new markets, and projects keep the flexibility of their point programs.
While there’s a protocol fee switch on and point tokens, there are currently zero protocol fees. If Rumpel decides to enable this fee, it will notify its users well in advance.
⌛ (Some time passes as points accrue to Alice's Wallet) ⌛
She mints Point Tokens against the points owned by her Rumpel Wallet
With points in token form, Alice now sells them through Univ3 for any asset, such as ETH, DAI, etc
Value: Alice can now reduce her point exposure at a competitive, fair market price
Bob wants to buy points, so he buys Point Tokens from Univ3
Value: Bob can now easily increase his point exposure without needing the same capital requirements
⌛ (Some time passes) ⌛
Point issuer announces an airdrop and conversion from points to their native token
Rumpel converts its points for reward tokens and holds them for Point Token holders to redeem
Bob redeems his Point Tokens for his share of reward tokens
At the heart of the Rumpel ecosystem are . Let's walk through their lifecycle:
Alice begins points through her , a specialized 1-of-1 Safe multisig
The pushes an update to her minting allowance
