Rumpel Docs
App
  • What is Rumpel?
    • Our North Star
  • Benefits & How-to Guides
    • Selling points
      • Auto-Sell
      • Selling Points via Oku Limit Orders
    • Buying points
    • Providing liquidity
    • Issuing points
  • How does Rumpel work?
    • Security Model for Depositors / Point Sellers
    • Vesting & Redemption Rights
    • How does Rumpel compare to others?
  • Rumpel Straw
  • Rumpel Early Access
  • Point Discrepancies and Delays
  • Risks
  • Resources
    • Audits & Bug Bounty
    • Contract Addresses
    • Brand Kit
    • Links
  • Legal
    • Privacy Policy
    • Terms of Service
Powered by GitBook
On this page
  • What are Web3 points?
  • What are the problems?
  • How does Rumpel solve these?
  • Does Rumpel take a protocol fee?
  • Simple Point Token Lifecycle

Was this helpful?

What is Rumpel?

NextOur North Star

Last updated 6 days ago

Was this helpful?

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.

What are Web3 points?

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.

What are the problems?

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.

How does Rumpel solve these?

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.

Does Rumpel take a protocol fee?

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.

Simple Point Token Lifecycle

  1. ⌛ (Some time passes as points accrue to Alice's Wallet) ⌛

  2. She / the Auto-Seller mints Point Tokens against the points owned by her Rumpel Wallet

  3. With points in token form, Alice / the Auto-Seller now sells them through Univ3 for any asset, such as ETH, DAI, etc

    1. Value: Alice can now reduce her point exposure at a competitive, fair market price

  4. Bob wants to buy points, so he buys Point Tokens from Univ3

    1. Value: Bob can now easily increase his point exposure without needing the same capital requirements

  5. ⌛ (Some time passes) ⌛

  6. Point issuer announces an airdrop and conversion from points to their native token

  7. Rumpel converts its points for reward tokens and holds them for Point Token holders to redeem

  8. 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

teams can leverage pointenomics
Page cover image
minting
burning
Rumpel Point Tokens
Rumpel Wallet
Rumpel Oracle