Selling points

In simple terms, how can I sell my points?

At the heart of the Rumpel ecosystem are Rumpel Point Tokens. Here's how Alice mints & sells them:

1. Alice earns points through her Rumpel Wallet, a specialized 1-of-1 Safe multisig

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

3. The Rumpel Oracle pushes an update to her minting allowance

4. She mints Point Tokens against the points owned by her Rumpel Wallet

5. 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

What's the return?

You'll earn a return on your principal assets through:

• Liquid external points (points that have a Rumpel secondary market)

• Illiquid external points (these points are still yours, held in your Rumpel wallet)

• Illiquid Rumpel Straw (our native points!)

What's the risk?

Rumpel Labs has blacklisted itself from transferring & locking most assets held within users' Rumpel Wallets, so the risk to the capital you deposit into your Rumpel Wallet has been minimized to only Rumpel & Safe smart contract risk.

For more information on how we've enabled this, please refer to our Security Model for Depositors.

How-to-Sell-Points Guide

The Rumpel App is a good river guide at the moment.