Selling points

Selling points / airdrop claims for instant liquidity

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. The Auto-Seller mints Point Tokens against the points owned by Alice's Rumpel Wallet

5. With points in token form, the Auto-Seller now sells them through Univ3 and trustlessly returns the proceeds to Alice

   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

Step 1: Go to the Rumpel App, click `Deposit`, and create a Rumpel Wallet

Step 2: Deploy funds into a point-bearing strategy

Step 3: Wait some time for points to accrue, then mint tokens against them

Step 4: Now that you have point tokens, head over to the Trade tab to find the corresponding Univ3 pool links

Step 5: Selling via onchain market or limit order

Market sell via Uniswap UI or, if slippage is too high or if liquidity is thin, set a limit order on Oku Trade.

Step 6: Repeat steps #3 through #5 as new points accrue to your Rumpel wallet